Whats the current limit of tds on rent of building

I want to know that what is the current limit of tds on rent of building ,,

as per my knowelede the limit is 180000/- pa,,,,,, is it correct ?

 

Replies (9)

Yes. You are correct. Limit is Rs.1.80 lacs per annum.

 

Find attached the TDS-TCS Rate Chart for FY 2012-13

Dear Mr. Sachin,

                          U r Correcet, Presant Limit is 1,80000/-p.a., and TDS rate is 10% on It

Originally posted by : Sonu Kumar

Dear Mr. Sachin,

                          U r Correcet, Presant Limit is 1,80000/-p.a., and TDS rate is 10% on It

hiiii sachin ,

                      you are correct that ceiling limit for tds deduction is 180000=00 p.a. subject to the tds rate-

                   1) @ 2 % for rent on plant , machinery & equipment @ 2%

                   2) @ 10 % for rent on land & building , furniture & fixture for all persons..

Current limit is 180000/- @ 10% with out service tax 

Yes u are correct

Current limit is 180000/- @ 10% with out service tax..............

@ Ravi: u r correct..

its correct tds applicable on 180000/-

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