Provision for tds
This query is : Resolved
30 May 2016
I have a doubt about the TDS provision in section 194I. Whether the limit of 1,80,000 given in the provision are Renting of Plant & Machinery and immoveable property for both or Individually.
30 May 2016
The limit is for both Plant and machinery and immovable property.
30 May 2016
Thanks for your reply sir.
It means if we have value of renting of P&M 72,000 & renting of immoveable property is 1,10,000 then tds will be deducted @2% on 72,000 and 10% on 1,10,000. As you said limit 1,80,000 for both.
It means if we have value of renting of P&M 72,000 & renting of immoveable property is 1,10,000 then tds will be deducted @2% on 72,000 and 10% on 1,10,000. As you said limit 1,80,000 for both.
30 May 2016
Yes you are right................
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