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Regarding section 194i

This query is : Resolved 
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(Querist)
12 December 2015 Sir till august company is under no obligation to deduct tax under section 194I as rent amount was within the limit of Rs. 180000/- but from August the threshold limit crosses and company is under obligation to deduct TDS.
My question is whether TDS to be deducted on amount of rent paid from August or on full amount of the year.
And if on full amount then interest to be paid on delay deduction.

Thanks
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AJAY SINGH

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AJAY SINGH (Expert)
12 December 2015 TDS Should be deducted for Whole Amount U/s 194I Building & Furniture @10% & Plant & machinery @2%.
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Rani Jain

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Rani Jain (Querist)
12 December 2015 and what about Interest on late deduction of tax.

Thank You
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AJAY SINGH

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AJAY SINGH (Expert)
12 December 2015 1.5% per Month will be paid otherwise it will be showed in your 26AS as TDS Default.
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