Tds query

TDS 752 views 9 replies

Genset rant cover under which section under sec 194I or 194C

Please provide me all details for above matter in different conditions.

 

Replies (9)
As per my knowledge it is covered under 194I(a) - rent on plant and machinery.
It's is covered under renting of P&M
It is covered under 194I(b) - rent
As rent on plant & machinery and rent on property & furniture attracted different rate of TDS , there was lot of confusion which resulted in incorrect deductions leading to unintentional defaults . This has now been addressed and from the FY : 2013- 14, Section 194I ( Rent Payment ) has now been bifurcated into two sections as under : 194I ( a) ? Rent for Plant & Machinery ? 2 % 194I ( b) ? Rent for land, building & furniture ? 10%
It's is covered under renting of P&M
Genset fall under P&M. As there is separate section of TDS for deducting TDS for payment of Rent on P&M,in my opinion, TDS will be deducted of P&M.

it is covered  under 194 I  P & M

ACCORING TO ME ITS 194 I & PROBABILY (b)

I am agree with vaibhav ji


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