DEDUCTION

WHAT IS THE TDS RATE FOR THE HIRE MACHINERY CHARGES FOR AN (P) LTD COMPANY

Replies (4)

TDS U/S 194 I APPLY.

194I Rent-Plant / Machinery

up to 30.06.10                    wef 01.07.10                              Rate in %
120000                                      180000                                      2           2

regards,

ratan

hi

 

u/s 194I Rent for plant and machinery 10% to be deduct the tds

hi

refer the Ready Reckoner Rent paid before 1.6.2007 but upto 30.9.2009

plant and machinery or equipment    194I      10% (for domestic company)

Rent of plant and machinery or equipment after 1.10.2009   194I  2% (for domestic company) 

further refer the Ready Reckoner  (page Ixix) Dr.avadhesh ojha & CA.Manoj Gupta

dear it sholud be deducted by 2 % 

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