Applicability of service tax and tds on renting of furniture

[Guest]

does renting out of furniture amounts to services and eligible for tds u/s 194I

[CAGOPALJI AGRAWAL]

TDS provisions are application as per explantion (i) g) to section 194I.

[Ravi Chopra]

Yes, the same is subject to TDS under section 194I and the rate of TDS is 15% of 20% dependent of the status of deductee.

[Guest]

yes renting of furniture attracts tds u/s 194I @ 15%

AI Summary

Renting Furniture Subject to TDS Under Section 194I, with Applicable Rates of 15% or 20% Confirmed by Experts. A discussion forum addressed the applicability of service tax and TDS on renting furniture. The query asked whether renting furniture qualifies as a service subject to TDS under section 194I. Three responses confirmed that renting furniture is subject to TDS under section 194I. CA Gopal Ji Agrawal and Ravi Chopra agreed on the applicability, with Ravi Chopra specifying the TDS rate as 15% or 20%, depending on the deductee's status. Vijaykumar B N also affirmed that renting furniture attracts TDS at a rate of 15%.