If we are paying Rent for both building & Plant and machinery to a single individual then what will be basic exemption limit weather it would 30000/75000 collectively for both contracts or it will be 30000/75000 for each single contract
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Tds on rent
Replies (2)
Limit for TDS on Rent acc to sec 194 I Rs. 180,000/- for individual, not on contractwise seperately.
Please let us know that the exemption limit of TDS on Rent i.e 180000/- is without S.tax amt or including.
Suppose I have to pay rent of Rs. 15000/- + S.tax 1854 = 16854/- per month. Then will it subject to TDS. Pls clarify
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