Dear All,
We are paying Rent for the land alloted by the Governament Authority. kindly clarify whether TDS to be deducted from this rent payment, if so what will be the TDS rate.
K S Prasad (Manager Accounts) (105 Points)
26 November 2009Dear All,
We are paying Rent for the land alloted by the Governament Authority. kindly clarify whether TDS to be deducted from this rent payment, if so what will be the TDS rate.
praveen
(Chartered Accountant)
(6971 Points)
Replied 26 November 2009
I think u need not deduct tax if paid to a government authority. Check the exemption list once.
Preetham S L
(CA Final Student)
(94 Points)
Replied 26 November 2009
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 26 November 2009
No need to deduct TDS from rent payable to govt.