sir
please provide me the answer regarding following question
a company has taken xerox machine on hire basis for which it has to pay a hire charge of 35000 per month....
and it has to pay a sum of two rupees for every print out produced out of it..so under what section we have to deduct tds
my mail id is raghu.royals @ gmail.com
Nice Query...
Since Here Machinery is taken on Rent. Rent amount is total of Rs. 35000P.M. for xerox + Rs.2/- for printouts on which TDS is to be deducted @ 2% u/s 194-I
Regards
sir but sec194i deals wth only rent portion how can t be charged under it...cant it be charged under royality secton
CAclubindia
