Tds
This query is : Resolved
Nikhil Kaushik
(Expert)
17 June 2014
if payment made to resident, then applicable section is 194-I.
if the rent is for a machinery / plant/equipment , then TDS rate 2%
for land or building, 10%
threshold limit 1.8 lakhs
no deduction required if individual/HUF have turnover less than 44AB limits
if the rent is for a machinery / plant/equipment , then TDS rate 2%
for land or building, 10%
threshold limit 1.8 lakhs
no deduction required if individual/HUF have turnover less than 44AB limits
Rupesh Jain
(Expert)
17 June 2014
u/s 194-I tds rate for rent amount if exceed rs. 180000/- pay to single person then you have to deduct the
TDS on machinery @ 2%
and on land or building or furniture or fitting @ 10%
if vendor have PAN other wise TDS rate will be @ 20%
TDS on machinery @ 2%
and on land or building or furniture or fitting @ 10%
if vendor have PAN other wise TDS rate will be @ 20%
17 June 2014
pls elborate your querry...........
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
