TDS u/s 194C for hiring A/V equipments

Rajkiran (25 Points)

10 May 2007  
HI all,

suppose a company is organising a conference in a Hotel and hires some Audio visual equipments for organising the event for say Rs 60,000, from a third party.

does the company have to deduct tax under section 194C for the bill amount, if yes at what rate.

Thanks

Raj