What is the rate of TDS for leasing an IT equipement and services
We have recently gone in for leasing a dedicated server for hosting our ERP application. This server physically lies outside our company premise in a common data centre in India. But, the data is accessible globally. The Invoice received for this service writes a narration as Dedicated Hosting Service. Also, there is a Service Tax levied @ 12.5%.
How much TDS shall we deduct while issuing the cheque to the service provider in such cases?