tds on plot rent

TDS 1720 views 4 replies

whether TDS has to be deducted on the plot rent paid to port trust. The plot is meant for stacking iron ore shipment material. As per sec 194J it covers land (factory land)? whether tds has to be deducted on the plot rent paid and at what rate on 1/4/2009 and on 1/10/2009? Kindly somebody clarify?

Replies (4)

Yes TDS has to be deducted on the said plot. and the rates are as below.

 

as on 1.4.09 - 20%

as on 1.10.09 - 10%.

 

Kindly verfify once again.........

 by the information given by you I think it may be covered under warehousing.

Please read this circular

Any body have it please link it.

[Circular No.718 dt.22-8-1995]

agree with suri kota

 

I need answer of the above query. Under which section TDS will be deducted 194I or 194C.


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