Pls confirm tds rate on rent of 60k per month
5 Replies
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
10 % if rent is for immovable property. 2% if rent is for plant & machinery.
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
it is 10% of the rent recived or receivable.
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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