Tds on rent
This query is : Resolved
01 May 2012
WHAT IS LIMIT FOR FY 12-13 FOR NO DEDUCTION OF TDS ON RENT?
& AT WHAT RATE?
& AT WHAT RATE?
01 May 2012
It is Rs. 1,80,000/-
Machinery@2%
Others@10%
Machinery@2%
Others@10%
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01 May 2012
TDS on Rent is deducted under Sec-194I :
For F.Y. 12-13 the rates are-
a)Plant & machinery it is 2%
b)others it is 10%
The limit is Rs. 1,80,000/-
For F.Y. 12-13 the rates are-
a)Plant & machinery it is 2%
b)others it is 10%
The limit is Rs. 1,80,000/-
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01 May 2012
Yes. Agree with experts. However, if the total rent exceed Rs. 180,000 p.a, TDS has to be deducted on total amount rather than on amount in excess of Rs. 180,000.
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