Dear Friends
Please tell me what is the rate at which TDS should be deducted from Building Rent for the payments made by companies.
Whether it is 20.60% or 22.60% or any other rates
Thanks In Advance
BINU.M.S
BINU.M.S (MCOM MBA ICWAI-Inter(Studying)) (197 Points)
01 February 2009Dear Friends
Please tell me what is the rate at which TDS should be deducted from Building Rent for the payments made by companies.
Whether it is 20.60% or 22.60% or any other rates
Thanks In Advance
BINU.M.S
CA Amit Jaiswal
(Finance Manager)
(2720 Points)
Replied 02 February 2009
u/s 194 I following amount is to be deducted:
In case of individual / HUF-15% plus cess thereon (surcharge will be there if total amount exceeds Rs. 10lacs)
In case of other deductees-20% plus cess thereon (surcharge wil be there in case of company/ firm if total amount exceeds 1 crore)
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961