Tds on furniture

Hello Sir/Mam,

We have a client which is in the business of stall erection & fabrication. It takes on hire basis furniture for providing it in the stall. They deduct TDS U/s 194 I @ 2% saying that the furniture taken on rent is in the nature of equipments . However, the rate of TDS deduction on furniture is 10%. In this case is the firm following the right practice or there is a short deduction of TDS?

Please support your answers with case laws or circulars if any.

 

Thank You

Replies (7)
how can it be treat furniture as equipment. If material hired is in the nature of furniture only then TDS shall be at the rate of 10%.
TDS on hire charges for furniture will be at 2 % Contact me at mrpraveen @ live.com for any queries

TDS on hire of Furniture @ 10% On Payments Exceeding 180,000/- U/s 194 I

go thru this link.

https://finotax.com/income-tax/tds-rates

I suppose its an asset therefore sec194ia is applicable
Sec 194i is applicable*

Please sir provide any case laws or circular no. in support of your answer.

 

Thank You

Please sir provide any case laws or circular no. in support of your answer.

 

Thank You

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