Rohit Tulshyan (RTProfessionals) (333 Points)
23 May 2011In which head rent from mobile tower should be charged if the tower company uses our terrace and they use even the staircase and a seperate meter board. Also please note that the tower is on the commercial property and not the assesse residence. Can the standard deduction of 30% be claimed under it.
Harpreet
(* * * * * *)
(1670 Points)
Replied 23 May 2011
The same should be charged under Hire Charges of Plant & Machinery or Equipments and the rate of TDS is @ 2% if payment exceeds of Rs. 180000/- PA
Rohit Tulshyan
(RTProfessionals)
(333 Points)
Replied 24 May 2011
| Originally posted by : Harpreet | ||
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The same should be charged under Hire Charges of Plant & Machinery or Equipments and the rate of TDS is @ 2% if payment exceeds of Rs. 180000/- PA |
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I need info about the rent from terrace wich is given to mobile tower company and not for the charges of tower.
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 24 May 2011
you should bookd this income as head of Rent recvd from tel tower.
The rent payer should be deduct tds @ 10% if the payment exceeds by Rs.180000/- pa. other wise he'll deducted tds @ 2%. you should claim s/d u/s 24 as 30% for repair & maintt.
Regards,
Bablu Kumar JHA
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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