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tax deduction at source

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(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.
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CA. B.SRINIVASULU

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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.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
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
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Deepak Goel

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Deepak Goel (Expert)
11 April 2009 As you have mentioned there is seperate contract then there is TDS is applicatble @ 2.06%
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Om Prakash Singh

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Om Prakash Singh (Expert)
11 April 2009 I agree with srinivasulu sir. he is absolutely right.
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