Tds on generator

TDS 1183 views 5 replies

Hello friends,

please help me to solve the following query

suppose a bank is paying Rs. 24500 p.m. as generator rent to an individual. will that be covered under section 194C or 194I?

thanking in anticipation

 

Replies (5)

its under 194c

it will covered under section 194I

Arora sir can you explain why 194C?

Agree with Siddharth

194I - Threashold limit 180000 from 01.07.2010  - TDS on rent of Plant & Machinery.

 

if you are maintaining the Genset and incurring all expenses like diesel  then it is rent and covered under 194I

if the receiver of money maintaining all the expenses then it will covered unnder 194C


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