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tds on rent of plant & machinery onward 1.10.09

This query is : Resolved 
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(Querist)
14 December 2009 hi,
let me know tds on rent of plant & machinery
plz reply the same on parveen_bains@rediffmail.com
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 December 2009 If the payment is in excess of Rs.1,20,000/-per annum income tax is to be deducted @ 2% on the entire amount.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
14 December 2009 agree 2% and otherthan P & M its 10% excess of rs.1.20 lacs
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parveen

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parveen (Querist)
15 December 2009 hi

thanx for your being nice cooperation

regards
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