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Tds Rates For Rent

BINU.M.S (MCOM MBA ICWAI-Inter(Studying)) (197 Points)

30 May 2009

Dear Friends

If you know TDS Rates for Rent for the FY 2009-10,Please Share with me.

If any one have TDS Rates for thr FY 2009-10.....Please Share

Thanks In Advance

BINU.M.S

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6 Replies

BINU.M.S (MCOM MBA ICWAI-Inter(Studying)) (197 Points)
Replied 31 May 2009

Thanks Praveen

CA.NAGENDRA (PROPRIETOR) (27 Points)
Replied 01 June 2009

tds rate for F.Y. 2009-10 for building is 15.45% inculsive cess if receipt is HUF/individual and 20.60 for others and in case of rent for plant and machinery TDS rate is 10.30% inclusive cess.

CA. Nagendra Sharma

Ajit (Sr.Accountant ) (32 Points)
Replied 02 June 2009

I am received Rent on Vehicle hire but company deduct TDS @ 10.30%

could you pls confirm me correct TDS Rate?

Regards

Ajit Dalvi

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 02 June 2009

It seems to ok

if he deduct TDS u/s 194I

people use to deduct tds on vehicle diferently

Rate under both The section:

some deduct u/s 194 C basic rate 2 % minimum limit per contract 20000 or 50000 per annum
& some deduct u/s 194 I basic rate 10% minimum amount 120000 per annum

i think there is no prob. if company pays to after deduction of 10.30%

if any expert hv differnt view. please let us know

Thanks

Praveen

CA. Gurdeep Singh Chawla (C A) (7080 Points)
Replied 02 June 2009

Originally posted by :Ajit
"	I am received Rent on Vehicle hire but company deduct TDS @ 10.30% could you pls confirm me correct TDS Rate? Regards Ajit Dalvi	"