TDS on 'Lease Tax'

[Rahul Bagaria]

Please advise us the applicability of TDS on 'Lease Tax'

[Mukesh Kumar]

You need to elaborate your query.

[Rahul Bagaria]

Dear Mukesh Ji We have taken assets on lease from a leasing company and we are paying lease rental.The leasing company is charging "lease tax " on the invoice being raised by them.

AI Summary

TDS on lease tax: whether tax deduction at source applies to lease rentals when invoices include a lease tax component. Whether tax deduction at source applies to a lease tax component charged by a lessor when a lessee pays lease rentals; the lessee has leased assets, pays lease rentals, and the lessor's invoice includes a charge described as 'lease tax,' raising the question whether that element is subject to TDS when the lessee makes payment to the leasing company.