amount of tds

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CA Lokesh Pokharna (Querist)
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23 November 2009 a house property give on rent @ 100000 p.m.
by me and i also charge service tax@ 10.30% on it rent amount. lesee party is corporate assess. pls tell me wht amount of tds in this case.... i think tds rate would applicable 15% in this case..........?

CA. Rishabh Mittal

CA. Rishabh Mittal (Expert)
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23 November 2009 Rate of TDS w.e.f. 01.10.2009 u/s 194I in case of rent paid for use of building is
1. 10 % in case lessee quotes his PAN No. ,
2. Otherwise, it's 20 %.

Therefore, Just Quote your PAN to lessee to get less amount of tax to be deducted from your rental income.

Need not to differentiate between Corporate or Non corporate assessees. Also note that no surcharge & cess is leviable w.e.f. 01.10.2009.

(PLS - Your quotation of 15 % was rite but upto 30.09.2009 only)

CA Deepak S

CA Deepak S (Expert)
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24 November 2009 Agree

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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24 November 2009 agree with experts

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 November 2009 agree

CA Lokesh Pokharna

CA Lokesh Pokharna (Querist)
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24 November 2009 thanks to u sir rishabh mittal

CA Lokesh Pokharna

CA Lokesh Pokharna (Querist)
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29 November 2009 CAn any on tell me answer of abovementioned qus.assume (1)if v not consider the latest ammedments (2) if v consider latest amendments ???? plssssss its urgent bcoz i facing many confusing in this topicccc????

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