TDS

This query is : Resolved

RAJASEKHAR (Querist)
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20 October 2009 My doubt is that we should add the total expenditure related to building construction as building cost...so that exp is of capital nature....i hope TDS NOT deductable on the rent paid for the accommodation taken for the consultant of the building construction....please clarify it ....TNKS IN ADVNCE.............

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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20 October 2009 TDS is deductible on Rent paid irrespective of your expenditure is revenue or capital.

It's the tax on the receipt of Rent in the hand of landlord deducted by the tenant at the time of payment/credit and deposited with I.Tax department.

So you have deduct tax at source from Rent paid.

RAJASEKHAR

RAJASEKHAR (Querist)
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20 October 2009 THANKS ALOT....

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