TENANT RENTS

Bimal Mehta (Senior Accountant & finance managerial) (180 Points)

13 April 2010

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

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4 Replies

Ritasha (chartered accountant) (356 Points)
Replied 13 April 2010

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

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 13 April 2010

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

Duplication /forum/tenant-rents-78422.asp

Bimal Mehta (Senior Accountant & finance managerial) (180 Points)
Replied 13 April 2010

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

Shekhar Athalye (c.a,) (23 Points)
Replied 08 March 2011

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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