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Sec 194 (i)

This query is : Resolved 
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(Querist)
28 December 2016 Sir/Madam,

If any company pay rent for Plant and godown amounting RS.450000/- then what should be tax rate means TDS deduct 2% or 10%.
For example- One party provided bill where he mention "Rent for Plant & Godown" amounting of Rs.450000/- then what should be the appropriate TDS rate i.e. 2% or 10%?

NB- In agreement it is shown Rent paid of Rs.450000/- per month for Godown and Plant.


Thanks
Sujoy Mondal
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ND (Expert)
28 December 2016 It will be 10% as TDS on rent on Building.
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Sujoy mondal

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Sujoy mondal (Querist)
28 December 2016 Sir, in Bill it shows "Rent for Plant & Godown". Whereas for Godown it is 10% but for plant it is 2%. So what type of rate applicable for the same?
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ASHWANI DHANUKA

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ASHWANI DHANUKA (Expert)
28 December 2016 In the absence of Proper Invoice bifurcating the both rents, choosing higher deduction rate of 10% is always advisable.
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