Poonawalla fincorps
Poonawalla fincorps

Tds on lease of car

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 April 2015 If Rent is Paid on leasing of car then at what rate Tds will be deducted u s 194i Whether it is to be considered as Plant or machinery or equipment?
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
10 April 2015 it will be cover u/s 194c. its not plat & machinery
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
10 April 2015 it will be cover u/s 194c. its not plat & machinery
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Chitesh Kumar Singla

Profile Image

CA Chitesh Kumar Singla (Querist)
10 April 2015 in your opinion 2% TDS is deducted.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
10 April 2015 Rate of TDS depends upon the person to whom the sum is being paid. In case of an Individual or HUF owner, you can deduct TDS @ 1% also.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links