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TDS on Rent U/s 194I

TDS 1653 views 3 replies

Whether TDS on rent  u/s 194I is applicable on asset wise or assessee wise?

e.g. if I made a lease agreement  from x & co.Ltd and in contract there was a clause for the rent that rent on plant & machinery is Rs. 10,000 P.M. and rent on land & building is 20000 P.M., then on which amount (either 30,000/- or 20,000/-) i have to deduct the TDS ?

Replies (3)
In my opinion:- on 30000/-. It is enought that one is paying above 120000/- in a financial year to a single party as Rent. It is immaterial, whether rent is for one asset or ......
Hi, Thank u for your valuable advice manoj mangal ca final student
banquet bill of hotel booked for 6 hrs @ 1000 per pax which TDS rate to deducted 194C or 194i


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