What is the Rental tax on Machinery? if it is 2,35,000.00/anum?
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1. Machinery on Hire? What is the Tax Applicable. 2. What % of Deduction[TDS] on Bill? if the Bill Value is 235000.00
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Answer:
The rate of tax is normal as applicable for individual, firms and companies as the assessee concerned . You may claim depreciation on the machinery as well another expenses . The TDS rate is as applicable for rental to individual or corporate .
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