Reg: TDS On Rent Of Premises
This query is : Resolved
07 May 2008
I would like to know what is the rate at which the tds is to be deducted before paying the rent....
Amit Sharma
(Expert)
07 May 2008
TDS on rent is deducted on the following basis:-
IT Surcharge Cess
20% 10% 3%
(applicable if
rent is in excess
of 1,20,000 p.a.)
Hernce total coming to 22.66%.
Hope your doubt is clear now.
IT Surcharge Cess
20% 10% 3%
(applicable if
rent is in excess
of 1,20,000 p.a.)
Hernce total coming to 22.66%.
Hope your doubt is clear now.
Shyam Lal Naik
(Expert)
07 May 2008
In case of rent of premises:
If the deductee is Indivisual/HUF, TDS rate is 15%, In other case 20%, + surchase, if applicable + Edn Cess
In case of rent of plant/machinery/Equipment
TDS Rate is 10% + SC + EC
If the deductee is Indivisual/HUF, TDS rate is 15%, In other case 20%, + surchase, if applicable + Edn Cess
In case of rent of plant/machinery/Equipment
TDS Rate is 10% + SC + EC
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