Tds on rent and amenities

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2017 Sir,
I as an individual is planning to lease out my place for a shop. We are negotiating on talks to pay 40000 as rent and 60000 as amenities per month. Ideally what should be the tds.

Pls reply

12 September 2017 10 for rent u/s 1941 & if amenities is in nature of contact than deduct TDS u/s 194C @ 1%/2%

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2017 Thanks sir. We have two separate agreements. One for rent and other for amenities. then will that 1 % /2% apply


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2017 Thanks sir. We have two separate agreements. One for rent and other for amenities. then will that 1 % /2% apply

12 September 2017 Yes, 1% in case of individual & 2% in case of others



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries