TDS on rent under Section 194I is deducted at: MCQ with Answer and Explanation

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TDS on rent under Section 194I is deducted at:

A. 10% for land/building, 2% for plant/machinery

B. 2%

C. 1%

D. 5% for all

Answer: Option A

Solution (By JKSSB Mock Tests)

Section 194I: rent for plant/machinery 2%, for land/building/furniture 10%.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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