14 January 2008
Sec-194I Rent of Plant & Machinery Payment in excess of Rs.1,20,000 p.a One week from the last day of the month in which deduction is made Within 2 Months from the end of the month in which deduction is made. Company:10.0000 1.0000 0.2200 0.1100 11.3300 IND/HUF 10.0000 0.0000 0.2000 0.1000 >10,00,000 10.3000 IND/HUF 10.0000 1.0000 <10,00,000 0.2200 0.1100 11.3300
15 January 2008
u/s 194I tds on rent paid in excess of rs.120000/ in the year execept indivudal and huf who are not under audit u/s 44AB.for others when rent paid in the perticular month tds is to be paid with in seven days following the month if rent payable that is provision is made at the end of the year it should be paid with in two months from the end of the year tds on machinery rent it should be 10% rent paid to an indivdal and huf it should be 15%,an drent paid to others it should be 20% pluse ed cess and shec
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