Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 27 February 2017
If contract is for the lease of any equipment, deduct TDS u/s. 194I
kiran
(Student)
(98 Points)
Replied 28 February 2017
If the contract of giving equipment is based on a lease or sub-lease or tenancy or any other agreement then TDS has to be deducted as per Section 194I of Income Tax Act because in such case the hire charges on equipment will be treated as payment of Rent.
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