TDS ON RENT FOR BUILDINGS U/S. 194I
This query is : Resolved
26 October 2009
Dear Sir,
What is the TDS rate to be applied in case of payment to be made to an Individual towards Rent for Buidlings. The monthly rent is Rs 1,80,000/-.
Please clarify as to what rate is to be applied w.e.f 1st OCT 2009
What is the TDS rate to be applied in case of payment to be made to an Individual towards Rent for Buidlings. The monthly rent is Rs 1,80,000/-.
Please clarify as to what rate is to be applied w.e.f 1st OCT 2009
26 October 2009
2%
26 October 2009
But as per the TDS rates chart what I am having, the TDS rate is shown as 10% and also is there no Surcharge applicable on this.
Thanks
Ramaswami
Thanks
Ramaswami
26 October 2009
Pl see the chart in http://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
26 October 2009
2% for the use of any machinery or plant or equipment,
10% for the use of any land or building or furniture or fittings for all persons.
10% for the use of any land or building or furniture or fittings for all persons.
26 October 2009
I stand corrected. The mistake is regretted.
26 October 2009
Agree with expert Gurdeep, w.e.f. 01.10.2009 TDS is 10% on rent for land/building/furniture/fittings.
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