TDS on rent for May 2020

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3 Points Posted on 09 July 2020

What is the applicable rate for tds on rent for May 2020. Is it 10% or 7.5%?

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On 09 July 2020 at 19:47 Report
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This discussion seeks to clarify the correct TDS rate applicable to rent payments made in May 2020. Specifically, it questions whether the rate should be 10% or 7.5%. The distinction is important depending on whether the rent is for property or for plant and machinery, with different rates potentially applying to each.

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3924 Points Posted on 09 July 2020
Rent for what purpose property or plant and Machinery ?.
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On 09 July 2020 at 20:12
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281 Points Posted on 10 July 2020
For property 7.5 and plant and machinery 1.5
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On 10 July 2020 at 00:10
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3 Points Posted on 11 July 2020

@ Santosh Jaiswal sir could you please provide the reason for adopting 7.5%

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On 11 July 2020 at 09:09

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