Rent would attract tds?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2014 office rent received by co operative society
. then tds deduction should be made by firm to co operative society. if it exceed limits
say 125000 p.m?
If yes then at which rate? 2 or 10.
(Office is for teaching student like computer class.)

Deepti Asawa

Deepti Asawa (Expert)
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04 July 2014 Yes,if rent paid more than 180000 per annum then TDS should be deducted u/s 194I.
TDS rate 10%

CA. RAGHAV GARG

CA. RAGHAV GARG (Expert)
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04 July 2014 Bro remember to pay servicce tax

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Rupesh Jain

Rupesh Jain (Expert)
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05 July 2014 as per section if you pay rent exceed Rs. 180000/- per year the TDS will be deducted @ 10%.

Ganeshbabu K

Ganeshbabu K (Expert)
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05 July 2014 TDS Rate for Office use is 10%
.
.
TDS rent Rate 2% applicable only incase of Renting of Machinery

Ganeshbabu K

Ganeshbabu K (Expert)
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05 July 2014 TDS Rate for Office use is 10%
.
.
TDS rent Rate 2% applicable only incase of Renting of Machinery

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2014 but tds applicable if properitorship firm having t/o more than 1 crore or 25 lac in case of profession. In my case Tds Provision has not been made and t/o reaches to 67 lacs and there is commission exp of 270000 and rent of 625000. business of computer coatching clases doing animation business.
Plz let me know which t/o is applicable?
1 crore or 25 lac?
Does tds applicable?