TDS on Finance lease rentals

Satyendra sahu (service) (216 Points)

01 July 2008  

Hi every body,

We have finance lease and we are paying lease rental. We will be capitalising the asset as per AS-19 Leases. Please suggest me, do we need to deduct the tax as per 194 (I) .? 

Though at the time of buying the asset invoice was prepared in our firm name.

Please comment