TDS On Rent
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
07 October 2009
What is the basic limit for TDS on rent?
At what rate should I deduct the TDS If I am paying the rent to Individual?
Thanks
At what rate should I deduct the TDS If I am paying the rent to Individual?
Thanks
CA SANJAY MUKHERJEE
(Expert)
07 October 2009
If payment of rent exceeds Rs. 120,000 in a year.
Rate of TDS w.e.f 01.10.09
Rent for use of any Machinery/plant/equipment 2 %
Use of land/building/furniture/fittings 10 %
Rate of TDS w.e.f 01.10.09
Rent for use of any Machinery/plant/equipment 2 %
Use of land/building/furniture/fittings 10 %
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