tds

This query is : Resolved 

13 March 2009 acully one pvt.ltd.co(cons.work)have taken a piller(equipement) on hiring basis from a p.firm, its billing is 20000
so my query is is this attract TDS & yes then at what rate..

13 March 2009 u/s 194-I tds will be required if the amt exceeds 120000 per year. so here if this is the only transaction, than no tax deduction required.

13 March 2009 CA Devanshi gandhi is absolutely correct




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