Sec 194 (i)
This query is : Resolved
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
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
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?
28 December 2016
In the absence of Proper Invoice bifurcating the both rents, choosing higher deduction rate of 10% is always advisable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
