Manoj Mangal (53 Points)
02 January 2008Whether TDS on rent u/s 194I is applicable on asset wise or assessee wise?
e.g. if I made a lease agreement from x & co.Ltd and in contract there was a clause for the rent that rent on plant & machinery is Rs. 10,000 P.M. and rent on land & building is 20000 P.M., then on which amount (either 30,000/- or 20,000/-) i have to deduct the TDS ?
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 02 January 2008
Manoj Mangal
(53 Points)
Replied 02 January 2008
CAclubindia
