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%...?
6 Replies
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)
(15108 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
agreed with Mr. Prateek & CA Dashrath...
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