Tds u/s 194i

TDS 792 views 3 replies

Sir/Ma'am,

Does renting of tea/coffee vending machine attract TDS u/s 194 I ?

 

Replies (3)

Hi

Yes @ 2% if amount paid is more than Rs.180000

 

if the rent paid is more than 180000 then tds @ 2% will be deducted u/s 194i

TDS is to be deducted for the use of any machinery or plant or equipment @ 2%, if rent paid exceeds Rs.1,80,000/- during Financial Year


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