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
TDS on hire of Furniture @ 10% On Payments Exceeding 180,000/- U/s 194 I
go thru this link.
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
CAclubindia
