Re: [aurangabad_ca] Query Regrading 194I

Friday, December 11, 2009 11:03 PM By Livemail

 

Dear G S Sarmaji,
 
I think so the query is whether Telephone Instruments are to be considered as Plant and Machinery?
Regards
CA Chetan Shah

MASHAR SHAH & ASSOCIATES
Chartered Accountants
412,407,409,
Aditya Plaza,
Jodhpur Gam Road,
Nr. Jodhpur Cross Roads,
Satellite,
Ahmedabad-380015.
Telefax: (079)26927775-76


--- On Sat, 12/12/09, amrassgI <lcochennai@gmail.com> wrote:

From: amrassgI <lcochennai@gmail.com>
Subject: Re: [aurangabad_ca] Query Regrading 194I
To: aurangabad_ca@yahoogroups.com
Date: Saturday, 12 December, 2009, 11:05 AM

 
Dear Friend
 
As per the provisions of section 194I, any person other than individual or HUF is required to deduct tax on rent of building or plant or machinery if the amount of such rent or hire exceed Rs 1.20 lakhs per annum. Since the amount is paid by the company, which has taken the equipment on hire and the amount exceeds Rs 1.20 lakhs, the payment is liable for deduction u/s 194I.  It is not clear why there is a doubt in this matter
 
Regards
 
G.S.Sarma

 
On 12/11/09, R S MANJUNATH <manjeshrs@gmail. com> wrote:
 
Dear sir,

One of my Client Give Telephone Instruments to another company as a rent.
The rent Amount exceeds Rs 120000/- PA.

Its liable to Deduct TDS u/s 194I?
Please help me in this matter with any case laws.

Thanks in advance.

Regards
--
MANJUNATH R S
Mobile. +91 9880919391



--
http:/amrassg.blogspot. com


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