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
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
Limit for TDS on Rent acc to sec 194 I Rs. 180,000/- for individual, not on contractwise seperately.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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