Tds on plot rent

TDS 836 views 3 replies

Dear Friebds,

My client making purchases on High Seas sales basis  and keeps it in Port Warehouse. That port space belongs to a C&F Agency and my client re imburses plot rent  to them. Now while paying this amount whether TDS provisions are applicable?

Or Any exemptions are available to them?

Thanks in advance

Replies (3)

You are liable to deduct TDS u/s 194-I if the annual rent exceeds180000/- p.a.

TDS @ 10% to be deducted. 



Regards,

Devendra 

AGREEE WITH ABOVE

Thank you


CCI Pro

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