Rental income plus service charges

This query is : Resolved

Practicing CA (Querist)
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17 October 2011 If the premises is given for utilization & the compensation for the same is received in 2 ways ie
Rs 15,000/- per month as Premises Rent &
Rs 10,000/- per month as Charges for services for amenities. Now here TDS provision for Rent not applicable (as amt not exeeding Rs 180,000/- per annum.)
For rest Rs 10,000/- per month can we say 194C is applicable since it is a contract for services provided and deduct tax @ 2%?

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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17 October 2011 YES TDS ARE REQUIRED TO BE DEDUCTED U/S 194C BECAUSE AGGREGATE OF THE AMOUNTS MORE THAN 75000....IF THIS AMOUNT PAID TO SPECIFIED PERSONS...NOT BEING HUF OR INDIVIDUAL THAN TDS RATE WILL BE 2% ..OTHERWISE 1%

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