Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of Indian Income Tax Act
|
| gptkbp:amendedBy |
gptkb:Finance_Act,_2019
|
| gptkbp:appliesTo |
individuals, HUFs, firms, companies, trusts, AOPs, BOIs
payment of rent |
| gptkbp:compatibleWith |
individuals and HUFs not subject to tax audit
|
| gptkbp:definitionOfRent |
any payment under lease, sub-lease, tenancy or any other agreement for use of land, building, machinery, plant, equipment, furniture or fittings
|
| gptkbp:enforcedBy |
gptkb:Income_Tax_Department_of_India
|
| gptkbp:governs |
TDS on rent payments in India
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 194I
|
| gptkbp:introducedIn |
gptkb:Finance_Act,_1994
|
| gptkbp:requires |
tax deduction at source (TDS) on rent payments
|
| gptkbp:startDate |
1 June 1994
|
| gptkbp:TDSRate |
2% for use of plant, machinery or equipment
10% for use of land, building, furniture or fittings |
| gptkbp:threshold |
INR 2,40,000 per annum (as of FY 2019-20)
|
| gptkbp:type |
rent paid or payable by a person other than an individual or HUF not liable to tax audit
|
| gptkbp:bfsParent |
gptkb:Tax_Deducted_at_Source
|
| gptkbp:bfsLayer |
6
|