TDS applicabilty

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2010 We have taken a property on rent . Pls advise the applicability and rate of deduction of tax in the following case:-

1. If maintenance charges paid to landlord( if landlord is individual, company, co-owner)
2. If maintenance charges paid to housing society

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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20 March 2010 if the amt. of rent is more then rs. 1,20,000/- for the year then deduct tds @10%,

TDS not liable to pay on maintenance charges paid to any person.