30 May 2016
I have a doubt about the TDS provision in section 194I. Whether the limit of 1,80,000 given in the provision are Renting of Plant & Machinery and immoveable property for both or Individually.
30 May 2016
Thanks for your reply sir. It means if we have value of renting of P&M 72,000 & renting of immoveable property is 1,10,000 then tds will be deducted @2% on 72,000 and 10% on 1,10,000. As you said limit 1,80,000 for both.
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