WHAT IS THE TDS RATE FOR THE HIRE MACHINERY CHARGES FOR AN (P) LTD COMPANY
4 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 15 April 2010
TDS U/S 194 I APPLY.
194I Rent-Plant / Machinery
| up to 30.06.10 | wef 01.07.10 | Rate in % | |
| 120000 | 180000 | 2 | 2 |
regards,
ratan
manikandan.J
(Accounts Manager)
(363 Points)
Replied 15 April 2010
hi
u/s 194I Rent for plant and machinery 10% to be deduct the tds
manikandan.J
(Accounts Manager)
(363 Points)
Replied 15 April 2010
hi
refer the Ready Reckoner Rent paid before 1.6.2007 but upto 30.9.2009
plant and machinery or equipment 194I 10% (for domestic company)
Rent of plant and machinery or equipment after 1.10.2009 194I 2% (for domestic company)
further refer the Ready Reckoner (page Ixix) Dr.avadhesh ojha & CA.Manoj Gupta
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 19 April 2010
dear it sholud be deducted by 2 %
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