Tds on rent


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2015 Rent covered under section 194I covers the scheduled payment of rent for machinery i.e. monthly/quarterly or it can be applied in the case of payment of rent for each time when machinery is taken on hire i.e as and when required??

07 July 2015 Whether monthly or case to case basis, TDS apply u/s.194I on all the cases if the threshold limit exceeds

08 July 2015 once the threshold limits exceed then tds u/s 194I is applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2015 Ok..
Once the threshold is exceeded, then TDS is to be deducted on the whole amount including the earlier one??

09 July 2015 yes all the amounts paid u need to consider and deduct on all payments made in fy.


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