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Query Details

Asked by Sanjiv on :Dec. 08, 2017

.....What is The rate of TDS on rental payments o…

.....What is The rate of TDS on rental payments of plant, machinery or equipment?

.....What is The rate of TDS on rental payments of plant, machinery or equipment?

0

Chiranjibi Aug. 11, 2018

The threshold limit stands at Rs. 1.2 lakhs. That means you don't need to deduct the TDS if the rental payments are less than Rs 1.20 lakhs p.a

If the rental payment exceeds the threshold limit, you need to deduct TDS at 2% of the total payments. You need to deposit the same to the account of the government.

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