Tds on machinery hire

Sonu Kumar (Account Manager) (665 Points)

24 December 2012  

Dear Friend,

                     I Have My Own Construction Firm and Doing Some Costruction Work and Also Given 6 Hywa (Equipment)

on Hire to a Company. 2 Hywa Out of 6 Hywa I have taken from Others on Hire. Company already Deduting 2% Tds on 6 Hywa.... and Cheque issue on the name of Firm. So My Question is That, Should Firm Deduct TDS on Payment for 2 Hywa while Paying the Cheque. if Yes Then on Which Amount

Company Rate- 140000/-PM to Firm

Firm Rate - 120000/-PM for 2 Hywa