Tds on rental of computers
This query is : Resolved
09 October 2012
I want to know the rate of TDS applicable for rental of computers. whether it comes under Plant and Machinery so as to charge 2% or should we charge at 10%?
09 October 2012
It Will Come Under P& M. so Charge 2% Only
09 October 2012
IT's included under plant & machinery, yes 2% is absolutely correct.
09 October 2012
whether any Formal Agreement is required in order to deduct TDS u/s 194I for Computers being let out?
In the current case, the company has taken Desktops on Rent, and Deducted TDS @ 2%. no Arrangements have been made to carry it out till the end of the year
In the current case, the company has taken Desktops on Rent, and Deducted TDS @ 2%. no Arrangements have been made to carry it out till the end of the year
09 October 2012
Make a Paper Agreement to have further refernce.
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