TDS Section 194 I
This query is : Resolved
26 May 2011
HIiiiii
We have one vendor to whom we pay rent for Building & Rent for Plant & Machinery.
For both the cases Section 194 I applies,but i want to know the limit applicability of Rs.1,80,000/- is apply indivually for both cases or not.
If u have any documenatry proof also then provide me that also.
We have one vendor to whom we pay rent for Building & Rent for Plant & Machinery.
For both the cases Section 194 I applies,but i want to know the limit applicability of Rs.1,80,000/- is apply indivually for both cases or not.
If u have any documenatry proof also then provide me that also.
CA MANOJ GUPTA
(Expert)
26 May 2011
THE LIMIT OF RS 180000 IS VENDORWISE AND NOT CLASS OF ASSETSWISE
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
07 June 2011
Limit is applicable to person wise in income tax and not asset wise
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