Tds
This query is : Resolved
13 May 2014
Dear friends
is tds applicable in case of rent contract if yes then plz mention the rate.
Ashwani Narnoli
(Expert)
13 May 2014
it depends on contract, that is which thing is to be taken on rent and the amount of rent.
Ashwani Narnoli
(Expert)
13 May 2014
TDS rate is 2% in case of rent for plant, machinery and equipment and 10% in other cases like building etc
13 May 2014
In addition to Rates mentioned above please note that applicable section is 194I and threshold limit is Rs 180000 per annum.
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