TDS on rent

This query is : Resolved 

29 June 2010 We are having a propane gas tank in our factory premises and we have to pay rent for right to use of propane in our premises @ Rs.132000/- per anum. What should be the TDS for this?

29 June 2010 2% u/s 194I.

This rate is applicable wef 01/07/2010

29 June 2010 thanks a lot Shyam Lal Naik sir. What is the TDS in may 2010.


29 June 2010 It was 10%

29 June 2010 thanks a lot sir.

29 June 2010 Rent for machinery will be 2% not 10%

29 June 2010 here we are not using any of his machinery. But we have to pay rent as right to use.

29 June 2010 Agree with Mr. Bansal.

The rate of 10% has been reduced to 2% wef 01.10.2009.

The rate for May'10 shall be 2%.


29 June 2010 thanks sir



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