Society income tax on telecom tower income.
This query is : Resolved
Vaid Mohammed
(Querist)
10 November 2013
Hi,
Our society has installed 2 telecom towers on our society terrace. Our tax consultant has informed us that income from telecom towers are flatly taxable after 30% of standard deduction.
Is there anyway to save tax on this income? Please advice.
Our society has installed 2 telecom towers on our society terrace. Our tax consultant has informed us that income from telecom towers are flatly taxable after 30% of standard deduction.
Is there anyway to save tax on this income? Please advice.
10 November 2013
RENT INCOME FROM SUCH TOWERS IS INCOME FROM OTHER SOURCES AND NOT TAXABLE AT 30%.
tds needs to be deducted when theymake u payment under section 194-I if the gross income excluding service tax leived exceeds rs 1,80,000 p.a or 15,000 pm.
tds needs to be deducted when theymake u payment under section 194-I if the gross income excluding service tax leived exceeds rs 1,80,000 p.a or 15,000 pm.
CA Sanjeev Kumar
(Expert)
10 November 2013
Before to answer your query, can you pls let me know the status of your society in IT Deptt. ?
Vaid Mohammed
(Querist)
10 November 2013
My society is registered under Housing society act of Maharashtra.
The total income is 1035000/- out of which 115000/- TDS gets deducted. Thus, our CA informed us that we have to make payment on 735000/- (after deduction of 30% SD). The computed amount will further get reduced to TDS deducted amount.
Need to know is there anyway to save the income tax on this income. He informed us that we can save 100% tax on society income but not on Income from other sources, under which Income from Telecom Tower comes.
The total income is 1035000/- out of which 115000/- TDS gets deducted. Thus, our CA informed us that we have to make payment on 735000/- (after deduction of 30% SD). The computed amount will further get reduced to TDS deducted amount.
Need to know is there anyway to save the income tax on this income. He informed us that we can save 100% tax on society income but not on Income from other sources, under which Income from Telecom Tower comes.
CA Sanjeev Kumar
(Expert)
10 November 2013
Yes; Tax can be saved but it required the manupuletion as per tax law, therefore, on this portel, I can not give any such consultancy, so its better if you consult to me on my FB page- www.fb.com\info.sjk
Thanks
Sanjeev
Thanks
Sanjeev
CA Sanjeev Kumar
(Expert)
10 November 2013
I cannot act in the public forum as our code of conduct don't allowed this to us.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Non filing of I T Returns
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
