Clarification in Section 194I

TDS 275 views 5 replies
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Asst. Manager - Finance
180 Points Joined September 2009
We are a Private Limited company and we are paying the rent for Plant & Machinery and Land & Building. Request you to kindly confirm what is the TDS Section for the both.
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On 30 May 2018 at 15:26 Report
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
Ate You paid Separately for P&M and L&B...?
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On 30 May 2018 at 15:36
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GST Practitioner & Accounts
15022 Points Joined March 2014

If you are asking Tds section for both  rent  for use of P&M and L&B  is 194 -I of the income tax act 1961 

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On 30 May 2018 at 15:37
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
Yes... Both are same sec of 194I..
But,
TDS rate is Different...

- Land and Building @ 10%
- Plant and Machinery @ 2%

So, I ask the payments....
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On 30 May 2018 at 15:48
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GST Practitioner & Accounts
15022 Points Joined March 2014

And also  T. Limit is 180000/- (one lac eigthty  thousand )

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On 30 May 2018 at 15:53
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
(So, I ask the payments....)
It means, How to pay the rent "SEPARATELY OR TOTALLY)

I KNOW THE CEILING LIMIT....😊
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On 30 May 2018 at 15:55


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