Section 194i(a) of income tax

in 26 AS TDS was deducted u/s
194i(a) .shown.
under what head it will shown
.gross receipts was 42000.
Replies (3)
Quick Summary
This discussion clarifies the classification of income under Section 194I(a) of the Income Tax Act, specifically concerning TDS on rent for plant and machinery. Depending on the service provider's business nature, this income can be reported as Business Income or under 'Other Sources'. While rent for land or buildings typically falls under 'Income from House Property', rent specifically for plant and machinery is addressed by Section 194I(a).

If it is for land or building then you can show under " Income from house property"

If it is for plant and machinery then it should be shown under IFOS.


Generally the limit for Tds on rent is 2.4lacs per annum under this section 194I(a)

194I(a) is for rent on Plant & Machinery.  It can be shown either as Business Income or Other sources depending upon the nature of business of the service provider. 

Rent can come under Income from house property also

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