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Tds on hiring charges

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(Querist)
15 October 2014 We (co.) received a bill for hiring charges (uses of furniture etc.) which they charge vat, can We deduct TDS? if yes, why and which amt?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 October 2014 yes. TDS will apply on gross value of bill 2%

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