TDS on payment of Rent to Educational Society- most urgent

This query is : Resolved

Querist : Anonymous

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..

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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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%

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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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

Querist : Anonymous (Querist)

01 December 2009 Thanks a lot Huzaifa Hussain & murtuza..

Keep up the good work..