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Discussion > Income Tax >

TDS on shed rent

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Accounts officer


[ Scorecard : 35]
Posted On 25 November 2010 at 15:53 Report Abuse

We are constructing a factory in our land.  wherein a temparary shed is build for preserving the materials by a shamiyana vendor by using pools & sheet for which we are making payment of Rs.13000/- every month.  Under which head it is to be accounted (whether hire charges or shed rent or contract payment) and at what rate it will attract TDS.


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CA. Rajesh P. Ahir
In Service @ PSU


[ Scorecard : 684]
Posted On 25 November 2010 at 16:10

As you are paying RENT, tds should be deducted U/S 194I.





Pawan Kr. Tomar
CA


[ Scorecard : 169]
Posted On 25 November 2010 at 16:17

It will come under contract and TDS charged U/S 194C @ 1% / 2% (Indivual,HUF/Company)




Pawan Kr. Tomar
CA


[ Scorecard : 169]
Posted On 25 November 2010 at 16:24

Originally posted by : PAWAN

It will come under contract and TDS charged U/S 194C @ 1% / 2% (Indivual,HUF/Company)

It is Rent, TDS is deductibe U/S 194I, Mr Rajesh is correct



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