TENANT RENTS

TDS 508 views 4 replies

IF DEVELOPER COMPANY PAYS RENTS TO THERE TENANTS  DURING CONSTRUCTION PERIOD FOR THERE TEMPARARY OCCUPANCY .

SHOULD DEVELOPER COMPANY NEED TO DEDUCT TDS FROM THIS RENT ?

THANKS

BIMAL

Replies (4)

As given payment is in nature of rent so TDS needs to be deducted.

Yes if the amount crosses the basic exemption u/s 194I then TDS deductible

Duplication /forum/tenant-rents-78422.asp

Originally posted by : Aditya Maheshwari

Yes if the amount crosses the basic exemption u/s 194I then TDS deductible

Duplication /forum/tenant-rents-78422.asp

BUT THIS RENT IS BEING PAID BY DEVELOPER OR CONSTRUCTION COMPANY TO THERE TENANT FOR OCCUPANCY FOR TEMPARARY PERIOD . 

THEN ALSO IT IS APPLICABLE ?  IF YES THEN PLS PROVIDE ME SUPPORTING SECTION COPY

LET ME KNOW IT .

THANKS

No. The payment to tenants is for rent and not as rent. it becomes rent when a tenent pays to his alternate landlord.


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