alleryStart learning →What TDS rate applies to rent paid for plant and machinery under section 194-I?
A10%
B5%
C1%
D2%
Answer & Solution
Correct answer: D. 2%
Rent for plant and machinery is taxed at the lower 2 percent, while land and building rent is 10 percent.
Keep practising Advance Tax, TDS and TCS
Browse all Advance Tax, TDS and TCS questions for CA Inter, or explore more Taxation topics.
Related questions
An individual contractor gets three payments of Rs 20,000 each in a year. What is the 194CA person not a specified person sells crypto worth Rs 3,00,000 to a buyer. What is the 194A company pays Rs 4,50,000 as brokerage to a resident agent. What is the 194H TDS?A firm pays a partner Rs 5,00,000 as remuneration. What is the 194T TDS?A person wins Rs 50,000 in a lottery. Ignoring surcharge and cess, how much TDS under 194BA firm gives a resident dealer a free trip valued at Rs 80,000. What 194R TDS applies?A buyer liable under 194Q purchases goods worth Rs 1.6 crore from a resident seller in a yA buyer pays Rs 80 lakh for a flat from a resident seller. What is the 194-IA TDS?