Tds provision
This query is : Resolved
06 January 2014
Hello Friends
I have a Query...
A cold storage is let out on Rent. then what will be the rate of TDS on rent of cold storage building (which includes machines also)? (10% or 2%)
and, What is the nature of Rental income in the hands of owner of cold storage? House property or Business Income?
I have a Query...
A cold storage is let out on Rent. then what will be the rate of TDS on rent of cold storage building (which includes machines also)? (10% or 2%)
and, What is the nature of Rental income in the hands of owner of cold storage? House property or Business Income?
06 January 2014
Mr. P Gupta
U/s 194I tds rate for building 10% and plant and machinery 2% but if Building and plant & machinery inclue rent then 10% TDS applied. Cold storage income head is business income.
U/s 194I tds rate for building 10% and plant and machinery 2% but if Building and plant & machinery inclue rent then 10% TDS applied. Cold storage income head is business income.
06 January 2014
Thanks Gajendra ji.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
