Tax deduction at source on rent amended to lower rates for machinery and for land or building usage. Amendment restructures tax deduction at source on rent into two categories: a lower withholding rate for use of machinery, plant or equipment, and a single withholding rate for use of land, buildings (including factory buildings), land appurtenant to buildings, furniture or fittings, eliminating prior distinctions based on the payee's status; amendments are effective from 1st October, 2009.
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Tax deduction at source on rent amended to lower rates for machinery and for land or building usage.
Amendment restructures tax deduction at source on rent into two categories: a lower withholding rate for use of machinery, plant or equipment, and a single withholding rate for use of land, buildings (including factory buildings), land appurtenant to buildings, furniture or fittings, eliminating prior distinctions based on the payee's status; amendments are effective from 1st October, 2009.
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