TDS deduction on Rent for building used as factory premise

Dear Velu,

For the purpose of applying the TDS rates,TDs has been classified in 2 parts 

1. Rent for  plant , mahinery or euipment 10% upto 30/09/09 - 2%after 1/10/09

2. Rent for land, building, furniture or fittings

a where the recipent is an individual of HUF 15% upto 30/09/09 - 10%after 1/10/09

b. where the recipent is other than individual of HUF 20% upto 30/09/09 - 10%after 1/10/09

I hope from above your doubt may be solved.

Regards

Sanket

Originally posted by : Sanket Damodar Karve
	Dear Velu, For the purpose of applying the TDS rates,TDs has been classified in 2 parts  1. Rent for  plant , mahinery or euipment 10% upto 30/09/09 - 2%after 1/10/09     2. Rent for land, building, furniture or fittings a where the recipent is an individual of HUF 15% upto 30/09/09 - 10%after 1/10/09 b. where the recipent is other than individual of HUF 20% upto 30/09/09 - 10%after 1/10/09   I hope from above your doubt may be solved. Regards Sanket

This Rates applicable for  A.Y. 2010-11 and onwards

I AGREE WITH MAYANK

Ya i agree with Mr. Sanket...

purpose for which it is used is not important.. we have to check whether the nature of payment  i.e .for land, building & furniture OR plant,  machinery & equipment. 

i agree both of you

TDS in case of rent is 2% in plant and machinery and 10% in case of others if Rent > 120000.00 in an year

Dear Tarandep limit of 1,20,000 is incresed upto 1,80,000 , now if rent is more the rs. 180000 in a year then we had to deduct TDS otherwise not necessary to deduct TDS.