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Section 194-I - TDS on Rent

Income Tax - Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax - 16 - SEC - 194-I: TDS ON RENT Any person, other than an individual or HUF, is responsible for paying to a resident in India, any income by way of ren .....

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(i) For use of Plant & Machinery - 2% (ii) For use of Land, building, furniture or fitting - 10% Note: No TDS where amount does not exceed 1,80,000 during a financial year. W.e.f. June 1,2015, no tax deduction shall be made under section 194-I w .....

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in rent: Service tax paid by the tenant does not take the nature of income of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. No TDS on lump sum lease premium paid for acquisition of long ter .....

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