Xerox M/c

If the xerox machine vendor is being paid per copy and the responsibility of running the machine (including spare parts, consumable and paper etc.) is his, then it is a contract u/s 194 C. If you pay him monthly rental and you yourself run the machine then it is a lease agreement u/s 194I. You will pay him for minimum copies per month and deduct TDS @ 1% for individiual/huf or 2% for others u/s 194C. He has got the machine to your premises and is using your electricicty. However, you are paying less than what is being paid outside. Only ensure that repairs and consumables and all risks are his.

Dear sir

Pls  tell me what is rate  of TDS will be deduct on a  Digital  Xerox Machine taken in rent

thanks

sridhar

 Deduct TDS @ 1% for individiual/huf or 2% for others u/s 194C(contractor)

@ Raman Arora, 

Shridhar asking about TDS on Rent (194I) on xerox machine (plant & machinery), so TDS DEDUCT @ 2% for All (HUF/INDIVIDUAL & ALSO FOR CO.)

 TDS DEDUCT @ 2% for Companies

1% for others

@ Mr.Raman,

TDS DEDUCT @ 2% for Companies, 1% for others- Section 194C(1)&(2) -  For contract

TDS DEDUCT @ 2% for Companies & for others- Section 194I -  For Rent (Plant/Machinery)

for TDS Rates Refer following link

@ Santosh V. Thakur

Can you give reference of tax law for reference. So that on the basis of which advice/opinion can be provided.

Regards,

Devanshu Jain