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Please Help: which tax will charged

Posted Date : 28-Jan-2013 , 03:58:49 pm | Posted By: Shivam Tiwari

Category : VAT | Answers : 2| Comments : 3| Hits: 279

if any person is renting computer for seminar for 3 hrs which tax will be applicable

Answers:
   Answer by: CA Satuti Mahajan
if the rental income is more than the limits, the tds will be deducted.
   Answer by: Rishabh Upadhyay
Rent so received will be covered under income from other sources, or Business income if its the normal business of the assessee to lend the computers on rent
Comments
Posted By : Shivam Tiwari 31-Jan-2013, 01:04:02
i am confused... one of my frnd say that there is notification by institute that sales tax will be charged. pls help me out
 
Posted By : Arya Pal 28-Jan-2013, 05:18:03
Service tax by the rentor and tds by receiver...
 
Posted By : Naga Rakesh 28-Jan-2013, 04:39:35
incometax & service tax
 

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