I want to know about the TDS on equipment rent. We have taken a nursing home on rental. Rental agreement made on wife name and equipment agreement made on husband name. Is both payments attract TDS or only rent will attract TDS.
1 Replies
Tharish V
(Student)
(988 Points)
Replied 04 June 2009
payment of rent for equipment also needs to be deducted TDS at the rete of 10%, provided the annual payment or credit is more than Rs. 120000...
And TDS on rent for nursing home as usual needs to be deducted at 15% or 20%, depending upon the recepient... and the ceiling of Rs. 120000 also applies...
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