Tds 194i
This query is : Resolved
Vaibhav Agarwal
(Querist)
11 January 2015
Is the exemption limit of Rs 180000 u/s 194I(rent) available individually for Plant & machinery AND Land or aggregate??
11 January 2015
it is the limit for one Single person under section 194I. If aggregate of payments to one person under section 194I is more than Rs 1.80 lacs in a year then TDS is required to be deducted on total amount. So Rent of Machinery and rent of Land will both be taken to determine the threshold limit. Also remember that TDS to be deducted on amount excluding Service Tax.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
