tds on lease rent
This query is : Resolved
02 April 2015
Our on client providing following item on lease basis
1)200 TPH crushing Plant
2)Electrical system all kind of items required for connection from electricity polls of Govt dept inculding pols, transformer, Electrical panel,water Distribution system, Overhead HT Lins.
3) Weighbirdge 100 MT
4) Furniture, AC Conditioning, Laboratory Equipment, Workshop equipment..
The client charge Rs.100000/- per month under lease rent and we have deducted TDS @ 10% on invoice value.
The TDS is applicable 10% or 2%. Pl. give your opinion
Thanking you
L.D. Dharmadhikari
Our on client providing following item on lease basis
1)200 TPH crushing Plant
2)Electrical system all kind of items required for connection from electricity polls of Govt dept inculding pols, transformer, Electrical panel,water Distribution system, Overhead HT Lins.
3) Weighbirdge 100 MT
4) Furniture, AC Conditioning, Laboratory Equipment, Workshop equipment..
The client charge Rs.100000/- per month under lease rent and we have deducted TDS @ 10% on invoice value.
The TDS is applicable 10% or 2%. Pl. give your opinion
Thanking you
L.D. Dharmadhikari
02 April 2015
TDS applicable on crossing the threshold limit of Rs 1.80 Lacs p.a. u/s 194I.
Rate:
On Plant & machinery @2%
Other than Plant & Machinery @10%
If PAN not provided 20%.
Rate:
On Plant & machinery @2%
Other than Plant & Machinery @10%
If PAN not provided 20%.
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