07 April 2012
if rent is paid for other than plant & machinery, furniture than TDS @10%, if rent is paid for Plant & machinery than TDS @2% on whole amount if that amount is excess of Rs. 180000. but remember that if assessee also pay service tax on rent than service tax amount are not lible to Tds means gross amount on which service tax charged are also liable for TDS. So u require to pay tds on full amount as per nature of assets.
07 April 2012
YES AGREE WITH ALL ABOVE.. TDS IS TO BE DEDUCTED TO WHOLE AMOUNT.. TDS ON PLANT & MACHINERY IS 2%. TDS IS DEDUCTED EXCLUDING SERVIVE TAX.TDS ON RENT U/S 194 I..ONLY.
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