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TDS ON MACHINERY RENT & CONTRACT

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(Querist)
02 April 2008 if we do not pay the rent on machinery and contract labour charges separately, what will be the TDS rate?
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Amit Sharma

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Amit Sharma (Expert)
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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