Tds
This query is : Resolved
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
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...........
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