Our building owner charges a flat Rs.15K as DG charges after adding a service tax.
Can anyone help what is the rate of TDS that has to be deducted from this DG charges. Is the same rate of TDS ie 20.60 or a differerent rate...
Rds
-p
Prasad (Sr Finance Executive) (53 Points)
23 June 2009Our building owner charges a flat Rs.15K as DG charges after adding a service tax.
Can anyone help what is the rate of TDS that has to be deducted from this DG charges. Is the same rate of TDS ie 20.60 or a differerent rate...
Rds
-p
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8148 Points)
Replied 23 June 2009
AS per section 194 I
TDS on rent of Land & Buidling = in case of individual & Huf is 15% plus eduation cess , in case of others i.e firm/company TDS rate is 20 % plus Education cess 3% i.e 20.60%.
TDS on rent of Plant & Machinery = 10% plus edcation cess i.e 10.30%
Rent paid for DG Set is related to rent of plant & machinery i.e TDS is to be deducted on 10.30%.
RAMANJU
(here to updating the knowledge)
(485 Points)
Replied 23 June 2009
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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