Deduction of tds
This query is : Resolved
01 January 2015
Sir,
On D G services TDS attracts if attracts under which section is to be deduct.
Thanks & Regards
Srinivasa Joshi
On D G services TDS attracts if attracts under which section is to be deduct.
Thanks & Regards
Srinivasa Joshi
01 January 2015
TDS attracts u/s 194C.
01 January 2015
If DG set is provided on rent, TDS will be as per section 194I, rate applicable will be either 2% or 10% depending on the status of payee.
However if per hour kind of amount is charged, section 194C shall be applicable. If the payee is individual TDS rate shall be 1% and in all other cases it shall be 2%.
If payment being made to resident no education cess & SHEC applicable.
However where the payment is being made to a non-resident refer the provisions of section 195.
Thanks
However if per hour kind of amount is charged, section 194C shall be applicable. If the payee is individual TDS rate shall be 1% and in all other cases it shall be 2%.
If payment being made to resident no education cess & SHEC applicable.
However where the payment is being made to a non-resident refer the provisions of section 195.
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
