What is the percentage of TDS to be deducted from Rental Payments?
Tds rate for rental payments
Shaikh Mohammed Wajid Ali (Manager Finance & Admin) (54 Points)
04 March 2019
2 Replies
Adhiseshan
(PROFESSIONAL)
(80 Points)
Replied 04 March 2019
TDS on rent:
Payment for use of machinery/plant/equipment- TDS @ 2%
Payment for use of any other asset- TDS @ 10%
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 04 March 2019
TDS rate in case of rental payments under sec 194-I:
Plant & machinery- 2%
Land, building or furniture- 10&
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