Tds provision
This query is : Resolved
CA. Pankaj Gupta
(Querist)
06 January 2014
Hello Friends
I have a Query...
A cold storage is let out on Rent. then what will be the rate of TDS on rent of cold storage building (which includes machines also)? (10% or 2%)
and, What is the nature of Rental income in the hands of owner of cold storage? House property or Business Income?
I have a Query...
A cold storage is let out on Rent. then what will be the rate of TDS on rent of cold storage building (which includes machines also)? (10% or 2%)
and, What is the nature of Rental income in the hands of owner of cold storage? House property or Business Income?
06 January 2014
Mr. P Gupta
U/s 194I tds rate for building 10% and plant and machinery 2% but if Building and plant & machinery inclue rent then 10% TDS applied. Cold storage income head is business income.
U/s 194I tds rate for building 10% and plant and machinery 2% but if Building and plant & machinery inclue rent then 10% TDS applied. Cold storage income head is business income.
CA. Pankaj Gupta
(Querist)
06 January 2014
Thanks Gajendra ji.....
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