TDS On Rent

This query is : Resolved 

07 October 2009 What is the basic limit for TDS on rent?
At what rate should I deduct the TDS If I am paying the rent to Individual?

Thanks

07 October 2009 If payment of rent exceeds Rs. 120,000 in a year.


Rate of TDS w.e.f 01.10.09

Rent for use of any Machinery/plant/equipment 2 %

Use of land/building/furniture/fittings 10 %



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