Tds on container rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2014 We have taken a Container on rent for office use for 6 months and paying a monthly rent of RS 50000. i WANT TO KNOW AT WHICH RATE U/S 194I (10& OR 2%) DEDUCT TDS ON RENTAL CHARGES..

18 April 2014 rent u/s 194I @ 2%


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2014 Plz expain Why 2% ???

18 April 2014 TDS to be deducted u/s 194I @10%. 2% is only for plant & machinery. Container is not a Plant & Machinery so TDS to be deducted u/s 194I @ 10% only provided the threshold limit of Rs 1.80 Lacs per annum is crossed.


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