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Tds on rent for trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 A trust has the ownership of 2 schools at 2 different places which is on rent. the annual rent from one the schools is Rs, 4,00,000/- and the from the other is Rs. 20,00,000/-
Whether TDS provisions will be applicable in this case because the net effect of the income is remaining the same
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 yes tds is deductible u/s 194I.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 yes tds is applicable on this u/s 194I............
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Rupesh Jain

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Rupesh Jain (Expert)
01 July 2014 tds will applicable 194I @ 10% on rent amount if you pay rent exceeds Rs. 180000/- in a year.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 The PAN of the trust and the school is same
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 July 2014 that will not make a difference.

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