Please Help: Tds on Infrastructural facilities
Posted Date : 07-Sep-2011 , 12:10:47 pm | Posted By: Ashish Sanghi
Category :
Income Tax | Answers :
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Comments :
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At what rate tds should be deducted on infrastructural facilities(like-air-contioned and carpeted premises,furniture, telephone, telefax, internet and services of gardner, sweeper etc) provided by a company |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Ashish,
The rate at which the TDS has to be deducted depends upon the nature of arrangement entered into by the Company. Here, if the Company has entered into a single agreement for providing infrastructural facilities, then the TDS u/s 194C has to be deducted @1%(for payments to ind/HUF) or 2% (for payments to person other than ind/HUF).
However, if the Company has entered into separate agreements then TDS u/s 194I may be attracted and TDS @ 2%/10%, as applicable, may be attracted.
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| Comments |
| Posted By : CA VIPIN GARG |
08-Sep-2011, 09:04:32 |
| Rightly said by Ashish Ji again.... |
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| Posted By : CA SUBHASH KR. |
07-Sep-2011, 02:46:15 |
| I totally agree with CA Ashish |
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