Tds on rent
This query is : Resolved
18 February 2013
What is the rate of tds on rent ? & Is there any slab to deduct tds on rent ? kindly inform me in detail.
kodiya mohammed asif
(Expert)
18 February 2013
TDS on rent as per 194 I
Rent on land and Building - limit 180000 rate of TDS 10%
Rent on (Plant and machinery, Equipment, furniture & fitting) - limit 180000 rate of TDS 2%
Rent on land and Building - limit 180000 rate of TDS 10%
Rent on (Plant and machinery, Equipment, furniture & fitting) - limit 180000 rate of TDS 2%
18 February 2013
Section 194I:
Threshold Limit Rs 1.80 Lacs p.a.
Rate of TDS:
1) Rent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings = 10%
2) Rent for the use of any machinery or plant or equipment = 2%
3) If PAN not provided = 20%.
TDS to be deducted on amount excluding service tax.
Threshold Limit Rs 1.80 Lacs p.a.
Rate of TDS:
1) Rent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings = 10%
2) Rent for the use of any machinery or plant or equipment = 2%
3) If PAN not provided = 20%.
TDS to be deducted on amount excluding service tax.
CA Prashant Gupta
(Expert)
18 February 2013
agree with CMA. CS. Sanjay Gupta
194I is only section in which you ignore service tax for TDS
194I is only section in which you ignore service tax for TDS
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