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rent paid to port trust applicability of tds

Ctaleda (CA Practice ) (29 Points)

10 May 2007

hello
whether tds applicable for rent paid to port trust u/s 194I

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7 Replies

shipra walia (n/a) (206 Points)
Replied 10 May 2007

TDS will be applicable on the rent if the total rent paid exceeds 120000 in a year......

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Kvm (15 Points)
Replied 10 May 2007

plus the payer is otherthan individual / huf, or individual / huf coming under 44AB

(Guest)

Pls tell me what is the fact , because i have also same qry.

(Guest)

whether tds applicable for rent paid to port trust u/s 194I

RICKY (ACA AICWA CS (Executive Program)) (123 Points)
Replied 19 January 2008

Ya TDS will attract on rent payment to port trust at the rate of 20% if the pament is made by company or 10% if the payment is made by an individual.

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girish mangla (practice) (206 Points)
Replied 21 January 2008

Tds is applicable for rent paid to port trust u/s194I. In case of rent paid to individual rate of tds is 15% and in case of others it is 20%but after crossing the limit of Rs.120000.

Muthu (Accountant) (42 Points)
Replied 16 April 2011

Originally posted by : girish mangla
	Tds is applicable for rent paid to port trust u/s194I. In case of rent paid to individual rate of tds is 15% and in case of others it is 20%but after crossing the limit of Rs.120000.