Tds- query

No you don't have to deduct TDS on rent of plant & Machinery.. as the limits is Rs. 180000.

Is the generator taken on rent from the same person from whom property is taken on rent. If yes then liable for TDs. If no then not liable 

No, you wont have to deduct TDS on the rent of generator. However, if the rent is paid to the same person to whom you are paying rent on immovable property, then you would have to deduct TDS on generator also as the total payment under the section exceeds the threshold limit. Moreover, the rent on generator can be deducted @ 2%.

No, Owner of Both assets are different !!

Thank you all for your valuable time

Regards

Deepak Sharma