TDS ON RENT

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 November 2009 Dear All ,

I have a doubt regarding the TDS rate on rent as per the new rate

We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .

Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same .
so do we need to dedust tds .

Regards
Nisha

03 November 2009 According to me, Rs.26000/- will come under 'rent of building' and the other two are under 'rent of plant,machinery & equipments' category for the purpose of 194I.

03 November 2009 Rent of building would cover rent for generator and transformer also and TDS is deductible.



03 November 2009 i agree with mr. warrier



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries