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Tds on house on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2014 Dear Sir ,

We have an Rental Agreement with House Owner . We are paying Rs.28600.00 on Monthly basis for his Flat .

Kindly provide me Information -TDS 10% is applicable on this Amount ? If Yes May I Deduct TDS amount while payment Rent Amount .

KINDLY EXPLAIN....
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Ganeshbabu K

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Ganeshbabu K (Expert)
11 November 2014 if rent is paid for other than business purpose no TDS applicable
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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2014 Dear Sir ,

This house we are using for our employee stay so tell me is TDS applicable in this transaction ?

kindly explain.....
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Ganeshbabu K

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Ganeshbabu K (Expert)
11 November 2014 Yes TDS is applicable if you claim the same as expenditure in your profit and loss statement

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