TDS on rent and lease payments: revised withholding rates differentiate machinery, individual/HUF payees and other persons.

Amendment substitutes prior clauses to prescribe distinct withholding rates for payments for use of machinery, plant or equipment, and separate rates for payments for use of land or building (including factory buildings), land appurtenant to a building, furniture or fittings, with a lower rate where the payee is an individual or Hindu undivided family and a higher rate where the payee is any other person.

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