banner_ad

194I, same person providing building and machine

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 May 2023 If a person providing building on rent of Rs. 15,000 Per month + A machine on rent of Rs. 8,000 per month.
Will TDS liability arise on lessee??
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
15 May 2023 Yes, if the tenant of both the assets is also same.
Profile Image

PARAS CHHAJED

Profile Image

PARAS CHHAJED (Expert)
16 May 2023 The yearly limit of Rs.2,40,000 is for section 194I. Therefore, your case is liable to TDS. However, the rate of TDS shall be 10% on Building Rent and 2% on machinery rent. The TDS rate prescribed are minimum and if higher deduction is made there is no bar.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details