We are a pvt limited company, and took lease of an apartment, on behalf of the company, for accomodation of General manager and Factory manager. Will it attract TDS ?
3 Replies
Prashant Kini
(Article Assistant)
(154 Points)
Replied 07 October 2013
If rent is borne by the company then tax is to be deducted on such rent payment if it crosses the threshold limit of Rs.180000
Neha sharma
(-)
(1257 Points)
Replied 07 October 2013
If the payment is being made by the company, TDS on Rent @ 10% is required to be deducted on the amount exclusive of service tax
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