applicability of incometax

[Guest]

sir,

i would like to know that whether incometax is to be recovered for contingent bills like supply of materials like shamianas,sound system,supply of furniture and water drums etc.

[CAGOPALJI AGRAWAL]

Please clarify your query whether you are asking about TDS provisions.

[Guest]

sir,

my query is whether TDS(Incometax) is applicable for contingent bills like supply of shamianas ,sound systems, supply of furniture and water drums etc...

 

[CAGOPALJI AGRAWAL]

TDS u/s 194I is applicable for rent against machinery, equipment, furniture, fittings povided the total rent exceeds Rs. 180000/- during the financial year to single assessee.

AI Summary

Clarification Sought: Does TDS Section 194I Apply to Rent on Shamianas, Sound Systems, and Furniture? A query was raised about the applicability of income tax, specifically TDS, on contingent bills for items like shamianas, sound systems, furniture, and water drums. A respondent clarified that TDS under Section 194I applies to rent for machinery, equipment, furniture, and fittings if the total rent paid to a single assessee exceeds Rs. 180,000 during the financial year. The discussion sought to determine whether these provisions apply to the mentioned contingent bills.