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Discussion > Income Tax > TDS >

TDS on rental income rates and threshold limit

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CA Student

[ Scorecard : 38]
Posted On 19 August 2011 at 15:27 Report Abuse

pls write me what is the thesshold limit of tds on rental income and rate of tds for the financial year 2010-11 and assessment year 2011-12 have any individual rental payment limit like if contract payment of single bill exceeds 30000 and aggregate amt. exceeds 75000 then tds can apply


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Mihir
Wealth Manager

[ Scorecard : 4350]
Posted On 19 August 2011 at 15:34

u/s 194I

TDS rates for rent machinery, plant and equipment is 2%

TDS rates for rent land, building etc is 10%

TDS to be deducted if rent exceeds Rs. 180,000/- p.a.

No TDS is required to be deducted on service tax component on rental payment.





praveen
Chartered Accountant

[ Scorecard : 5529]
Posted On 19 August 2011 at 15:36

TDS for rental for property (land and building) is at 10% if the amount payable / paid exceeds Rs.180000 in a single financial year.

TDS for rental for furniture, machinery and plant is at 2% if the amount payable / paid exceeds Rs.180000 in a single financial year

 

 

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Total thanks : 1 times



MD.Taufique
CA,CS

[ Scorecard : 308]
Posted On 19 August 2011 at 15:38

I agree with the above repliers




Amit Gupta
Loosening Myself

[ Scorecard : 1498]
Posted On 19 August 2011 at 16:00

Originally posted by : praveen

TDS for rental for property (land and building) is at 10% if the amount payable / paid exceeds 180000 in a single financial year.

TDS for rental for furniture, machinery and plant is at 2% if the amount payable / paid exceeds 180000 in a single financial year

 

 

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mounika
semi qualified chartered accountant

[ Scorecard : 935]
Posted On 19 August 2011 at 17:35

tds @ 10% if rent xceeds 180000




CS Bijoy
Expert

[ Scorecard : 6344]
Posted On 20 August 2011 at 11:59

TDS deduct excluding service tax @ 10%




Ashvin Bhanderi
ACCOUNTANT

[ Scorecard : 58]
Posted On 27 August 2011 at 16:24

TDS IS 10% (EXCLUDING SERVICE TAX) IF AMOUNT (GROSS) EXCEEDS RS. 180,000...




Jay Jain
Business

[ Scorecard : 27]
Posted On 21 January 2012 at 15:26

Dear sir

i have a hotel and i want to give some another to rent so please give me suggestion what is tax liablities applicabe on me ;

Service Tax

TDS

Thanks & Regards




CA Bharti Sharma
.

[ Scorecard : 37]
Posted On 07 April 2012 at 10:39

what tds must be deducted on payment of rent of 250000 /-?



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