Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2015
Rent covered under section 194I covers the scheduled payment of rent for machinery i.e. monthly/quarterly or it can be applied in the case of payment of rent for each time when machinery is taken on hire i.e as and when required??
07 July 2015
Whether monthly or case to case basis, TDS apply u/s.194I on all the cases if the threshold limit exceeds
08 July 2015
once the threshold limits exceed then tds u/s 194I is applicable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2015
Ok..
Once the threshold is exceeded, then TDS is to be deducted on the whole amount including the earlier one??
Once the threshold is exceeded, then TDS is to be deducted on the whole amount including the earlier one??
09 July 2015
yes all the amounts paid u need to consider and deduct on all payments made in fy.
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