Tds on rent
This query is : Resolved
TARIQUE RIZVI
(Querist)
06 July 2015
We have taken a factory including plant and machinery on rent for processing the exportable products. We have to pay rent @ 1,50,000/= per month and yearly Rs. 18,00,000/=per annum. Please let me know the rate of tds on making payment of rent. It is 10% or 2% and under which section. Is it u/s 194-I
06 July 2015
If it is a composite agreement for Factory and Plant & Machinery then deduct TDS u/s 194I @ 10%.
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