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Tds on rent

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18 February 2013 What is the rate of tds on rent ? & Is there any slab to deduct tds on rent ? kindly inform me in detail.

18 February 2013 TDS on rent as per 194 I

Rent on land and Building - limit 180000 rate of TDS 10%

Rent on (Plant and machinery, Equipment, furniture & fitting) - limit 180000 rate of TDS 2%

18 February 2013 Section 194I:
Threshold Limit Rs 1.80 Lacs p.a.

Rate of TDS:

1) Rent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings = 10%

2) Rent for the use of any machinery or plant or equipment = 2%

3) If PAN not provided = 20%.

TDS to be deducted on amount excluding service tax.


18 February 2013 agree with CMA. CS. Sanjay Gupta
194I is only section in which you ignore service tax for TDS



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