Tds on rent of building & plant & machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2015
Whether TDS is required to be deducted where, a single agreement is made for rent of a building and plant machinery describing separate rent on the both. And where rent of a building does not cross limit of 1.80L but the rent of Plant & Machinery is exceeding 1.80L. Please advise. Thanks in Advance
06 November 2015
TDS is to be done party wise and not as per agreement wise. The limit of 1.8lakh is for person and not for agreement.
So you have will have to deduct the tax on total amount. under 194Ia and 194Ib
So you have will have to deduct the tax on total amount. under 194Ia and 194Ib
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