I have a doubt regarding the TDS rate on rent as per the new rate
We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .
Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same . so do we need to dedust tds .
03 November 2009
According to me, Rs.26000/- will come under 'rent of building' and the other two are under 'rent of plant,machinery & equipments' category for the purpose of 194I.
CAclubindia
