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Indrajit Mondal (Service)     07 January 2009

TDS on Aircondtioner Hire

My company took 10 pcs Air Conditioner on hire basis from a person (individual) the hire amount would be Rs 400 per AC per month for whole year and  3pcs Refrigerator @ Rs.375/- each for 8months and 2pcs Refrigerator @ Rs.375/- for 4months. Now my question is that is the expenditure attract TDS?if yes under which section?


 4 Replies

CA. Ashok shah

CA. Ashok shah (CHARTERED ACCOUNTANT)     07 January 2009


If the payment exceeds Rs.120000/- in the financial year, TDS is deductible u/s. 194I.


R.Suresh (Sr. Executive)     07 January 2009

You are going to paying morethan Rs120000 p.a. attract TDS u/s 194I.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Landmark Group)     07 January 2009

Yes, TDS U/s 194I would be applicable if total amount exceeds Rs 120000 in a year.

Atul Kumar

Atul Kumar (CA)     13 January 2009

Yes TDS would be liable @ 10% + E.Cess & S.H.E.C.

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