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tds on rent

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(Querist)
20 April 2009 dear sir
i am receiving rent @12500/- per month for m ind. gala for 1 year . pl. let me know at what rate the payee will deduct the tds from his payment. is there any way i can avoid the tds deduction. pl. explain vhrc@rediffmail.com
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
20 April 2009 TDS is applicable as the payment exceed Rs. 1.20 Lakh pa.

If you are an company, Rate is 20.6%
Else, 15.45%
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
20 April 2009 Yes i agree with shyamlal



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Chandresh Pitroda

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Chandresh Pitroda (Expert)
20 April 2009 Exactlyyyy

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