Dear sir,
i hava a rented shop n i will pay rent for shop of rs 85000/- per month,
i want to know TDS calculation
for example there is three owener of shop, how can i less deduct TDS,
can i show any part of rent as a mantence of shop???
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TDs Information
Replies (6)
Do not try tax evasion. Even maintenance will attract 2% or 1% tax deduction, Better you deduct 10% on rental pay outs.
you will deduct tds @ 10% on whole amount
further you can claim expenses on maintenance of shop which you have paid out of your pocket
if you want to deduct tds at lesser rate than receiver will have to obtain certificate for lesser deduction of tds from department
u r liable to deduct tds only if u are subject to tax audit in the previous year...
so, if u r doing job then u r not liable to deduct tds.
| Originally posted by : Ninad Pandit | ||
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u r liable to deduct tds only if u are subject to tax audit in the previous year... so, if u r doing job then u r not liable to deduct tds. |
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