Tds

This query is : Resolved 

17 June 2014 tds rate on rent

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

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%

17 June 2014 pls elborate your querry...........


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