Pls confirm tds rate on rent of 60k per month
Pls confirm tds rate on rent of 60k per month
| Originally posted by : prakrut | ||
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Pls confirm tds rate on rent of 60k per month |
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10% on the amount of rent paid/payable without including the service tax.
Yes as the amount exceeded RS.180000 as rent the tds provision is applied.If it is a plant and machinery it is 2% for others its 10%.
As per Sec 194I 60000*12=720000 720000-180000**=540000 540000*10%=54000 **(180000 IT slab)
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