Tds on rent for trust
This query is : Resolved
Querist : Anonymous
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
Whether TDS provisions will be applicable in this case because the net effect of the income is remaining the same
30 June 2014
yes tds is deductible u/s 194I.
30 June 2014
yes tds is applicable on this u/s 194I............
01 July 2014
tds will applicable 194I @ 10% on rent amount if you pay rent exceeds Rs. 180000/- in a year.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2014
The PAN of the trust and the school is same
01 July 2014
that will not make a difference.
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