tds rate for payment to foreign company for lease rent
This query is : Resolved
12 January 2010
I want to know tds rate for payment to foreign company for lease rent of outside india premises.
Kindly reply as urgent as possible
Kindly reply as urgent as possible
Taranjit Singh
(Expert)
12 January 2010
Hello dear, in your case section 194I applies for Rent other than Plant, Mach.& Eqp.
Rs. 1,20,000/- p.a
10.00% rate of TDS and Education Cess.
Surcharge will also apply if payment is made to Non Resident Corporate, which exceeds Rs 1 Crore.
Rs. 1,20,000/- p.a
10.00% rate of TDS and Education Cess.
Surcharge will also apply if payment is made to Non Resident Corporate, which exceeds Rs 1 Crore.
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