TDS on payment of Rent to Educational Society- most urgent

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2009 Friends

A client of mine has to pay quarry rent (onetime) of Rs 3.5 crore to the 100% Educational Trust registered under Trust & Societies Act.

whether such payment of rent to Educational Trust subject to TDS?

If yes then at what rate?

Please expain it friends..

30 November 2009 TDS RATES FOR RENT OF LAND AND BLDG UPTO 30TH SEPT 2009 IS 20% FOR OTHER THAN IND. OR HUF.

TDS RATES WEF 1ST OCT. 2009 10%

01 December 2009 TDS is applicable.... as per rates given by Mr. Huzaifabhai Currently TDS on Rent u/s 194I is 10% Other Rents (Land, Building, Furniture, etc.) does matter receiver is ind.huf or other... and one morething that No surchare and Edu.cess on TDS..ok


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2009 Thanks a lot Huzaifa Hussain & murtuza..

Keep up the good work..



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