Tds on rent paid to non resident

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11 February 2014 If a company pays Rs.75000/-month as rent to a non resident.At what rate company should deduct TDS?

Is any service tax applicability arises ?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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11 February 2014 Yes service tax is applicable and as per the provisions of 194 I are applicable

94 I Rent of Land, Building or Furniture Rs. 180000/- 10%
Rent of Plant & Machinery Rs. 180000/- 2%

Guest

Guest (Querist)

11 February 2014 Is this applicable if rent paid to a non resident ?

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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11 February 2014 Yes it is applicable to a foreign National also or foreign company too.