Whether tds deducted.

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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.

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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