Tds on rent

vipul khanna (accountant) (89 Points)

07 May 2018

SIR WHAT IS LIMIT ON WHICH TDS ON RENT IS NOT APPLICABLE FOR A PARTNESHIP FIRM

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193867 Points)
Replied 07 May 2018

Rs. 1,80,000/- as per section 194-I of IT Act.

vipul khanna (accountant) (89 Points)
Replied 07 May 2018

THANK U SIR

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193867 Points)
Replied 07 May 2018

Most Welcome......

CA Sunil (Internal Auditor) (204 Points)
Replied 07 May 2018

Under Section 194 I for Rent - TDS is 10% and exemption limit is 180,000

For Rent on Plant & machinery TDS is 2%. and exemption limit is 180,000.

Rent inlcudes all type payment made to the landlord such as service charge and maintenance charges etc.

Cheers...

Start a New Discussion