TDS on Rent of Plant & Machinery

This query is : Resolved 

16 January 2010 Pls describe me in detail that How can I deduct the TDS on Rent of Plant & Machinery. & What is the exemption limit for the payment in such case.

Thanks

16 January 2010 tds deductible @ 2% u/s 194I. Limit Rs. 120,000

16 January 2010 U/s.194I thershold limit is Rs.120000/-


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