Section 393(1);Table [For Payment to Resident]-Rent

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....ny income by way of rent Person other than specified person 2% Rs.50,000 for a month or part of a month 2(ii) Any income by way of rent Specified person (a) 2% - Machinery, plant or equipment(b) 10% - Land, building (including factory building), land appurtenant thereto, furniture or fittings Rs.50,000 for a month or part of a month Time of deduction under Sl. ....

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....d for the use of land, building (including factory building), land appurtenant thereto, furniture or fittings. Since no special note has been provided for Sl. No. 2(ii), tax is deductible under the general rule contained in Section 393(1), i.e., at the earlier of credit or payment. Practical distinction • Sl. No. 2(i) → Applicable to persons other than specified persons; ....

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.... Person responsible to deduct tax Person other than specified person Specified individual/HUF not liable to tax audit Specified person Any person (other than specified exempt persons) Recipient Resident Resident Resident Resident Rate of TDS 2% 2% 2% (machinery, plant or equipment); 10% (land, building, furniture or fit....