24 May 2008
whether tds is liable to be deducted on lease rental paid in case of financial lease and on instalment in case of Hire purchase agreement? if yes, then whether on whole amount or the interest portion only? I strongly believe that in both cases tds is not liable to be deducted. But is there any circular or a provision which says this or otherwise? Please reply.
25 May 2008
hey man, u didnot understand my querry? fst of all tell me whether u feel that tds is at all deductible? if yes then under what section. if u say 194I, then kindly refer 194I is only lease for use n not financial lease, where the ownership is transfered at the end of lease period. kindly reply in the context as soon as possible. bye. tc.
CAclubindia
