Problem telaterd to tds

I dont think there is a difference, since in both the sections, rates are 2%.

There is only a difference when the payee is an individual or an HUF wherein Sec 194C rate would be 1%.

TDS to be deducted u/s 94I

Mr. Prateek Agarwal TDS for Sec. 194I = 10%  194C = 2%

Dear Mr Ram,

TDS u/s 194I attracts 10% when rent  is paid for buildings. When it is for plant and machinery, it is 2% u/s 194I.

Dear Mr. Mehra, Yes, you are correct. You can deduct u/s 194I, not u/s 194C.

Regards

i think TDS u/s 194I  and not 194C.......194C is for contractors

Originally posted by : ram babu b.com
	agreed with prateek agarwal. I do not think there cannot be any ..........   on this point.   Originally posted by : Prateek Agarwal Dear Mr Ram, TDS u/s 194I attracts 10% when rent  is paid for buildings. When it is for plant and machinery, it is 2% u/s 194I. Dear Mr. Mehra, Yes, you are correct. You can deduct u/s 194I, not u/s 194C. Regards

Shri Ramji,

I have a small confusion in my mind here in the present case Generater Rent is given, will it not be considered as Plant and Machinery, TDS rate for the same is 2%.... it would be a great help if I am wrong and be rectified with explaination.

Regards

Dear Jalpesh,

Rent for Generator is treated as rent for plant and machinery, hence, rate is 2% only.

Agreed with Parteek Ji