Whether tds deducted.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2014
i Have incurred expenses under 194 I for building rent and for machinery rent ,should deducted TDS on both expenses.Rent provided by a proprietor firm and rent paid by the co.
Building Rent-1 lacs Annually.
Plant and Machinery rent-85,000. per year.
Rent is paid to A single firm is 185000 should deducted tds and how to deduct TDS.
Building Rent-1 lacs Annually.
Plant and Machinery rent-85,000. per year.
Rent is paid to A single firm is 185000 should deducted tds and how to deduct TDS.
17 June 2014
when rent exceeds rs 180,000 p.a then yes tds is applicable u/s 194I.
17 June 2014
TDS to be deducted on total amount of Rs 185000/-. Threshold limit of Rs 180000/- is for each payee under same section.
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