In 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.
4 Replies
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 | ||
 |
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 |
 |
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
Vikram Bhardwaj
(Account Manager )
(43 Points)
Replied 10 October 2024
Will the RCM rule that has come in the house property be applicable to the tower company?
Recent Topics
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
