LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Tds- query

Deepak sharma (Learner) (1431 Points)

05 October 2015

Hello All,,

I am paying Rent on Immovable Property from last 2years @ 25000/- p.m (300000.00 per year) after deducting TDS (as exceeds the threshold limit of Rs 180000.00)

Now I Hire a Generator on Rent @ 11000/- p.m. (132000.00 per annum) within the threshold limit.

Should I need to deduct TDS on Plant & Machinery ???

Thanks

Regards

Deepak Sharma

Reply
Follow
Share

4 Replies

Piyush Tanwar (Assistant Manager - Accounts) (1432 Points)
Replied 05 October 2015

No you don't have to deduct TDS on rent of plant & Machinery.. as the limits is Rs. 180000.

Miss Rinkal (Student) (1304 Points)
Replied 05 October 2015

Is the generator taken on rent from the same person from whom property is taken on rent. If yes then liable for TDs. If no then not liable

Ruchi (CA) (1410 Points)
Replied 05 October 2015

No, you wont have to deduct TDS on the rent of generator. However, if the rent is paid to the same person to whom you are paying rent on immovable property, then you would have to deduct TDS on generator also as the total payment under the section exceeds the threshold limit. Moreover, the rent on generator can be deducted @ 2%.