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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
