TDS Section 194 I

This query is : Resolved 

26 May 2011 HIiiiii

We have one vendor to whom we pay rent for Building & Rent for Plant & Machinery.
For both the cases Section 194 I applies,but i want to know the limit applicability of Rs.1,80,000/- is apply indivually for both cases or not.

If u have any documenatry proof also then provide me that also.

26 May 2011 THE LIMIT OF RS 180000 IS VENDORWISE AND NOT CLASS OF ASSETSWISE

CA MANOJ GUPTA
JODHPUR
09828510543

07 June 2011 Limit is applicable to person wise in income tax and not asset wise




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