TDS on Rent

JANMEJAI GAUR (Asst. Manager -Accounts) (52 Points)

11 July 2011

Is TDS deduction liable on rent paid with vat on plastic pallates using on production.

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Tom S Peter (Article) (148 Points)
Replied 11 July 2011

TDS 194I applicbility arises only in case of rent of P&M.

here,since the plastic pallates is not a P&M, according to my opinion there is no need to deduct tax at source u/s 194I

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 11 July 2011

Originally posted by : Tom S Peter
	TDS 194I applicbility arises only in case of rent of P&M. here,since the plastic pallates is not a P&M, according to my opinion there is no need to deduct tax at source u/s 194I

JANMEJAI GAUR (Asst. Manager -Accounts) (52 Points)
Replied 12 July 2011

dear aditya as i know rent has two aspects for tds deduction 1.land & building, & 2. p & m/c , equipment, furniture & fittings,

i am confused to catagorised the plastic pallate rent .....

please suggest as per law...

JANMEJAI GAUR (Asst. Manager -Accounts) (52 Points)
Replied 12 July 2011

dear aditya as i know rent has two aspects for tds deduction 1.land & building, & 2. p & m/c , equipment, furniture & fittings,

i am confused to catagorised the plastic pallate rent .....

please suggest as per law...

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