in 26 AS TDS was deducted u/s
194i(a) .shown.
under what head it will shown
.gross receipts was 42000.
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Section 194i(a) of income tax
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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)
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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