what is the treatment of rent paid more than 10000rs.
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Answer / rajesh
If we are paying Rent morethan 10,000 /-. PM we are liable
to deduct the TDS u/s 194 I
1)Paying to induvidual - TDs-15% & SC -10% & Cess -3%
(if income crossess more than 10,00,000 we have to
deduct Surcharge unless no need of deduct Surcharge for
induvidual)
2)Paying to Company - TDS -20% & SC-10%,& Cess-3%
We have remit the TDS on or before 7th every month. and E-
TDS to be filled quarterly on or before 15Th
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / sandeep
current rate (after 01.09.09) are as below:
Rate of TDS for Rent paid for other than plant and
machinery (both case i.e company or individuals/huf) is @
flat 10% whereas in onther case TDS rate is flat 2%.
| Is This Answer Correct ? | 2 Yes | 0 No |
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