TDS on Vehicle Yard Rent
This query is : Resolved
24 January 2010
Sir,
I'm working in a NBFC, we are paying approximately 2 Lacs pa to an individual as yard rent for keeping seized vehicles and there's no written agreement on that.I would like to know whether the yard rent payment to him attracts TDS? and what the percentage to levy? please advice.
Regards,
Mahesh G
I'm working in a NBFC, we are paying approximately 2 Lacs pa to an individual as yard rent for keeping seized vehicles and there's no written agreement on that.I would like to know whether the yard rent payment to him attracts TDS? and what the percentage to levy? please advice.
Regards,
Mahesh G
CA Prashant Gupta
(Expert)
24 January 2010
it is leviable for TDS u/s 194I as it is rent for land.
TDS rate should be 10% from 1 Oct 09.
TDS rate should be 10% from 1 Oct 09.
CMA Ramesh Krishnan
(Expert)
24 January 2010
Yes.194I 10%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
