TDS On rent u/s 194I
This query is : Resolved
Ravi Kumar Rajgaria
(Querist)
24 February 2009
TDs @10% will be deducted on rent paid for Plant & Machinery and @15% on Furniture.
An agrement is made for rent of Plant & Furniture with a composite rent of rs. 25000/- per month.
What will be the TDS rate here- 10% or 15%?
An agrement is made for rent of Plant & Furniture with a composite rent of rs. 25000/- per month.
What will be the TDS rate here- 10% or 15%?
CA. B.SRINIVASULU
(Expert)
24 February 2009
If you do not have the break up then you have to deduct the higher percentage of 15%.
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