Sir, in ETD RPU version 3.5 (Annexure-1, Section under which payment made- 94I i.e. for Rent not found).
then how should I proceed with Filing of Q1 after preparing the Return where we deduct tax on Rent.
Plz advice me.
Regards,
Srikanta Adhikary
As rent on plant & machinery and rent on property & furniture attracted different rate of TDS, there was lot of confusion which resulted in incorrect deductions leading to unintentional defaults. This has now been addressed and from the FY: 2013-14, Section 194I (Rent Payment) has now been bifurcated into two sections as under:
194I(a) – Rent for Plant & Machinery – 2%
194I(b) – Rent for land, building & furniture – 10%
So choose 94 I (a) / 94 I(b) - accordingly.
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