How to differentiate the deduction...? how to identify for which to deduct 2% an for which to 10%..?
Rent > Rs.1,80,000 p. a. Rent of Plant & Machinery 2% and Rent of Land, Building, Furniture, etc 10%...?
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 10 May 2012
Your query is incomplete..... What do you want
Ask what is the matter????
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 10 May 2012
It is quite clear that rent of plant and machinery attracts TDS @ 2% and for other buildings, land etc it attracts @ 10%.
Apart from that what is your query?
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 10 May 2012
If a building including furniture etc. given for rent, TDS is required to be deducted @ 10%, unless rent is not specified for building and furniture, separately...
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 10 May 2012
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