tax deduction at source
This query is : Resolved
Nilesh Mehta
(Querist)
10 April 2009
a company is paying maintenance charges amounting to Rs. 50000/- p.m for its office taken on rent separately from rent. for this it has also entered into a separate contract. should the company deduct tds on the same and under which section.
CA. B.SRINIVASULU
(Expert)
10 April 2009
If for the seperate agreeement is there and you have a break up for such maintenance charges along with what are the specific maintenance they are providing then it will become a seperate contract and tds at 2% for contract has to be deducted.
If you are unable to establish above details then the rate of deduction for rent at 15% tds has to be deducted.
If you are unable to establish above details then the rate of deduction for rent at 15% tds has to be deducted.
10 April 2009
if different contracts are there... than for main. chg sec 194C will be applicable...and rate for the same is 2% basic + surcharge if applicable + edu. cess
Deepak Goel
(Expert)
11 April 2009
As you have mentioned there is seperate contract then there is TDS is applicatble @ 2.06%
Om Prakash Singh
(Expert)
11 April 2009
I agree with srinivasulu sir. he is absolutely right.
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