TDS
This query is : Resolved
jignesh modi
(Querist)
02 July 2010
Dear Sir
We have taking one equipment on Rental.
Please advice me we have deducted TDS on it
His monthly charge is RS.20000/-
Kindly advice
Please do the needful
Thanks and Regards,
Jignesh
We have taking one equipment on Rental.
Please advice me we have deducted TDS on it
His monthly charge is RS.20000/-
Kindly advice
Please do the needful
Thanks and Regards,
Jignesh
02 July 2010
Yes you are required to deduct TDS@2% (If PAN not given by deductee @20%) u/s 194I.
Sunil Kr. Sanganeria
(Expert)
02 July 2010
Rent is required to deduct u/s 194I for equipment taken on rental if the renr exceeds Rs. 180000/- in a year.TDS rate is 2%.
jignesh modi
(Querist)
02 July 2010
thank u
My yearly rent charges about 240000
But till date i have paid 72000/- rent for three month
kindly advice we have deducted tds now or wait till we have paid 180000
after paid of 180000/-
how much consider amt for TDS
My yearly rent charges about 240000
But till date i have paid 72000/- rent for three month
kindly advice we have deducted tds now or wait till we have paid 180000
after paid of 180000/-
how much consider amt for TDS
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