08 October 2012
Hi, I want to know the TDS rate on Building maintenance in case the building maintainence is part of the agreement. Whether it is 2% u/c 194C or 10% u/s 194I.
08 October 2012
If its part of agreement Section 194I will be applicable. Rate of TDS 10%.
"Rent" means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any land or any building (including factory building), together with furniture, fittings and the land appurtenant thereto, whether or not such building is owned by the payee;
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