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TDS on rental income rates and threshold limit


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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Wealth Manager


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.

 
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Chartered Accountant


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

 
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I agree with the above repliers

 
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Loosening Myself


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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semi qualified chartered accountant

tds @ 10% if rent xceeds 180000

 
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TDS deduct excluding service tax @ 10%

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

 
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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

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

 
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