TDS on Finance lease rentals

2363 views 3 replies

Hi every body,

We have finance lease and we are paying lease rental. We will be capitalising the asset as per AS-19 Leases. Please suggest me, do we need to deduct the tax as per 194 (I) .? 

Though at the time of buying the asset invoice was prepared in our firm name.

Please comment

Replies (3)

What happen, no body is replying . Is it a very tough to answer. I dont think so,

Pl comment

Originally posted by :Satyendra sahu
" What happen, no body is replying . Is it a very tough to answer. I dont think so,

Pl comment
"

Irresepctive of the nature of lease, we need to deduct TDS 

Originally posted by :Satyendra sahu
" What happen, no body is replying . Is it a very tough to answer. I dont think so,

Pl comment
"


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