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.
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?
CAclubindia
