Tds provision

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CA. Pankaj Gupta (Querist)
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06 January 2014 Hello Friends
I have a Query...

A cold storage is let out on Rent. then what will be the rate of TDS on rent of cold storage building (which includes machines also)? (10% or 2%)

and, What is the nature of Rental income in the hands of owner of cold storage? House property or Business Income?

CA GAJENDRA KUMAR JAIN

CA GAJENDRA KUMAR JAIN (Expert)
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06 January 2014 Mr. P Gupta

U/s 194I tds rate for building 10% and plant and machinery 2% but if Building and plant & machinery inclue rent then 10% TDS applied. Cold storage income head is business income.

CA. Pankaj Gupta

CA. Pankaj Gupta (Querist)
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06 January 2014 Thanks Gajendra ji.....