Pls confirm tds rate on rent of 60k per month
Deepak Gupta
(CA Student)
(15922 Points)
Replied 27 July 2013
| Originally posted by : prakrut | ||
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Pls confirm tds rate on rent of 60k per month |
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10% on the amount of rent paid/payable without including the service tax.
sanjay singhal
(CA)
(987 Points)
Replied 28 July 2013
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 29 July 2013
Yes as the amount exceeded RS.180000 as rent the tds provision is applied.If it is a plant and machinery it is 2% for others its 10%.
ASWINI
(ARTICLE ASSISTANT)
(44 Points)
Replied 01 August 2013
chethan
(Student CA IPC / IPCC)
(33 Points)
Replied 01 August 2013
As per Sec 194I 60000*12=720000 720000-180000**=540000 540000*10%=54000 **(180000 IT slab)
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