At what rate TDS should be deducted if a Company is paying composite rent towards warehouse and machinery installed in that warehouse? The machinery is actually installed to maintain the temperature inside the warehouse. It's a kind of cold storage but not exactly a cold storage.
Menu
Tds on composite rent
Replies (1)
Since the basic lease is for warehouse and the machinery is secondary, it is better to deduct the TDS at 10%. In future lease agreements, you can bifurcate the rent for warehouse and amchinery separately if it is imperative
Recent Threads
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
- FORM 26QB CORRECTION DATE OF PAYMENT/CREDIT
- Which TDS section Applicability - Education suppor
Related Threads
CAclubindia
