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Tds return for q.e.june 2013

This query is : Resolved 

Under which category TDS on Rent on House property is required to be mapped, which we used to map earlier u/s 94I, In the new RPU ver 3.5 released by department there are two options 41A & 41B.


Under 4IB. 4IA for Rent of Plant & Machinery.

194-I. Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of—

(a) two per cent for the use of any machinery or plant or equipment; and

(b) ten per cent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:

Please read Key Features of RPU 3.5


Section 194I has been bifurcated as below:
 Select value 4IA from the section code drop down where tax has been deducted under section 194I (a)
 Select value 4IB from the section code drop down where tax has been deducted under section 194I (b)


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