TDS APPLICABILITY

This query is : Resolved 

21 November 2008 Whether TDS will be deducted on Payment of rental charges for hiring Computers.

If TDS needs to be deducted under which section?

21 November 2008 Rent is defined in sec 194I
Rent means any payment by whatever name called under any lease, sublease, tenancy or any other agreement or arrangement for the use of any :
Land
Building
Land appurtenant to a building
machinery
Plant
Equipment
furniture
fittings
whether or not any or all of the above are owned by the payee.

21 November 2008 Hence, computers are come under equipments. TDS need to be deducted.


22 November 2008 TDS need to be deducted u/s 194I



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