When 2 seprate contract made for 1 persone 1 is for rent and other is repair and maintance
the rent tds is 10% and repair & maintance tds is 2% it is correct or not
some one advise me to deduct 10% tds for both contract what i do in this situation
When 2 seprate contract made for 1 persone 1 is for rent and other is repair and maintance
the rent tds is 10% and repair & maintance tds is 2% it is correct or not
some one advise me to deduct 10% tds for both contract what i do in this situation
You should deduct 10% on rent and 2% for maintenance. There is no law which says you should deduct 10% on both payments.
agreed with Mr. Vineet
but i heared that if 2 contracts with the same parson then td deducted higher rate for all contracts
Mr Raghu,
As per Sec 194I, you have deduct TDS @ 10% on rent (exclusive of Service tax) and 2% on repairs & maintainance (inclusive of Service tax)
You have to deduct TDS @ 10 on Rent (Exclusive of ST) and 2% on Repairs&maintaince (inclusive of ST) as per 194I
Yes i ll agree with Khetan
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
