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Tds on car lease rent

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(Querist)
25 October 2011 cAN ANYONE TELL ME WHAT IS THE RATE OF TDS ON RENT PAID ON CAR LEASE RENT?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 October 2011 Applicable Sec 194I.

Rate 2%.

Threshold limit Rs 1.80 Lacs per annum.
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
25 October 2011 Applicable Section is 194I, rate@2%, threshold limit Rs.1.80per annum.
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