TDS ON MACHINERY RENT & CONTRACT
This query is : Resolved
02 April 2008
if we do not pay the rent on machinery and contract labour charges separately, what will be the TDS rate?
02 April 2008
If u do not pay rent, if the party is in a contract with u then it will fall under Contract which will attract 2.266%. If the party is wholly into this work then it will attract TDS under professions which will be deducted @ 11.33%.
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