TDS Deduction

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118 Points Posted on 28 July 2020
I have to deducted Tds on rent of building (use for factory)Month of march'20 in july'20 what will be TDS rate 10% or 7.5%
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On 28 July 2020 at 16:59 Report
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This discussion clarifies the correct TDS rate for factory building rent paid in July 2020 for the month of March 2020. The core question is whether to apply a 10% or 7.5% TDS rate. The consensus points towards Section 194IB for rent exceeding £50,000 per month, or Section 194IA if the annual rent exceeds £240,000, with a 10% deduction rate generally applicable.

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65 Points Posted on 28 July 2020
Tds @ 10% because reduction given U/s 194 I(b) not in 194 I(a)
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On 28 July 2020 at 17:34
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118 Points Posted on 28 July 2020
I think deduction also given in 194 I(b) immovable property pls check and reply what tds we will deduct of march'20 bill 10% or 7.5%
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On 28 July 2020 at 17:55
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65 Points Posted on 28 July 2020
If ur rent payment exceeds 50000p.m than U/s 194ib otherwise ur rent payment yearly more than 240000 than194ia @ 10%
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On 28 July 2020 at 18:27

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