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
Rahul (Student) (28 Points)
16 February 2012If 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
CA SUMANTH
(LEARNER.....)
(294 Points)
Replied 16 February 2012
Limit for TDS on Rent acc to sec 194 I Rs. 180,000/- for individual, not on contractwise seperately.
Asif Ali
(Senior Audit Manager)
(227 Points)
Replied 18 October 2012