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Tds

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(Querist)
07 May 2016 we are giving rent Rs.5 lacs to company for use of plant & machinery including Factory building whether TDS rate ,apllicable @ 2% on whole amount means plant & machinery including factory building plant & machinery is immovable
i request to the company to bifurcate the rent for use plant & machinery & Factory building & deduct the TDS @ 2% on plant & machinery & 10% on factory building

whether this is right, support with some related isues
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
07 May 2016 Yes you are right
Company have to bifurcate by as you said as 2% for rent of Plant & Machinery and 10% for rent of factory building rent u/s 194I
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 May 2016 If the company does not provide the bifurcation then you have to deduct TDS @ 10%. If bifurcation is provided then you can deduct TDS at 10% and 2% respectively.
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