hi i am into computer rentals business and i rent out computers in hyderabad all the companys are deducting tds , i have heard from 01st oct there is change of tds deducted its been changed to 1% for proprietorship and 2% for companys
Please let me know if it is true can ihave the go number or the section number
thanx
phani ranka
939 000 7474
TDS on Rent U/s 194I with effect from 01.10.2009
for the use of any machinery or plant or equipment: 2%
for the use of any land or building or furniture or fittings for all persons: 10%
No surcharge, Edu. cess & secondary and higher edu. cess during the financial year 2009-10.
Thanks..........Important Information
Is there any changes in the rate of TDS in case of transportation charges also??
Please update soon......
Regards
CAclubindia
