tds

This query is : Resolved 

19 February 2009 wheather TDS should be deducted on co-op-society( regd) if i m paying Rent above 120000/- p.a.

19 February 2009 The rate of TDS is 15% if the payee is an individual or an HUF, and 20% for other payees.

From the above rule position, it is clear there is no seperate treatement, if the Payee is a co-operative society

So for rent paid to co-operative socity, TDS has to be affected at 20 %



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