TDS on rent under section 194-I requires different withholding rates for plant/machinery versus land/buildings; surcharge and cess not applied.

Tax deduction at source under section 194-I prescribes different withholding rates depending on the nature of the asset rented: a lower rate for rent of plant, machinery or equipment and a higher rate for rent of land, building (including factory buildings), land appurtenant thereto, furniture or fittings. The prescribed rates are not increased by surcharge or health and education cess.

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