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TDS

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(Querist)
11 September 2009 Hi all,

Is it necessary to deduct TDS on lease payment if asset is leased under operating lease or under finance lease...PLs help me on this
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ARUN KUMAR V

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ARUN KUMAR V (Expert)
11 September 2009 For Income tax purposes there is no differance bet Fin lease nd operating lease. hence TDS need to be deducted as payment of Rent.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
11 September 2009 Agree you have to deduct TDS
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