urgent query

TDS 484 views 3 replies

If an assessee is paying Rs. 15,000/- as rent on Plant & Machinery, every month from April 2009 to March 2010. Then what will be the rate at which TDS will be deducted. Plz support your answer.

Thanking You.

Replies (3)

Dear Nitesh,

For April to September, rate of TDS was 10% u/s 194 I, on Plant & Machinery...

Text of 194 I - “(a)  ten per cent for the use of any machinery or plant or equipment;

From October onwards, rate of TDS is 2% u/s 194 I, on Plant & Machinery..

Text of 194 I - (a)  two per cent for the use of any machinery or plant or equipment;

Mr. Nitesh...

Completely agree with Mr. Amir brother....

April - September 2009, TDS rate - 10% u/s 194 I, on Plant & Machinery...

October 2009 onwards, TDS rate is 2% u/s 194 I, on Plant & Machinery..

 

Please see this attachment....

 

Source: caclubindia....


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