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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??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 July 2015 Whether monthly or case to case basis, TDS apply u/s.194I on all the cases if the threshold limit exceeds
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 July 2015 yes all the amounts paid u need to consider and deduct on all payments made in fy.
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