Tds deduction on rent

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YOGESH NAGAR

YOGESH NAGAR (Querist)
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03 March 2012 dear all

rate of tds on rent, and which the amount paid or due in books exempt for tds deduct

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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03 March 2012 U/S 194I TDS on Rent is in case of Rent on Land or builiding 10% and in case of Renton P & M , Equipment, furniture & fittings it is 2%

Abhishek Ranjan Singh
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Mihir Doshi

Mihir Doshi (Expert)
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03 March 2012 Dear Yogesh,

U/s 194I as amended by Finance Act, 2010 has increased the exemption limit from INR 120,000/- to 180,000/- p.a.

Thanks
Mihir Doshi

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