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Tds deduction on rent for religious trust(temple) of tenants

sowmya (accountant) (41 Points)

29 June 2016

do tds need to be deducted from a tenant of religious trust( temple) for rent of shop of rs. 50000

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5 Replies

Ayush Poddar (CA in Practice) (37 Points)
Replied 29 June 2016

You are liable to dedcut TDS 10% irrespective of the fact that payment is being made to a trust which is registered u/s 12 AA
but please keep in mind that:-
Where aggregate amount of rent does not exceed Rs. 180,000:- No tax is to be deducted if the aggregate amount of rent in the previous year does not exceed Rs. 180,000

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CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 29 June 2016

U/s 194I, no exemption has been given from the applicability of this section to religious and charitable trusts. So tds needs to be deducted as also rent for a F.Y. exceeds Rs.1,80,000. Deduct tds @ 10% on Rs.6,00,000.