Tds

This query is : Resolved 

03 June 2013 I have a agreement with my parent company to reimburse the exp incurred by them for sharring of space(Rent). Does it amount to contract. Im i requie to deduct tds?

03 June 2013 How will you show this payment in your books? You will show it as rent and therefore you have to deduct TDS u/s 194I @10%.

03 June 2013 As per my opinion Rent should be paid to the Parent Company and TDS u/s 194I should be deducted @10% if the Rent p.a exceeds Rs.1,80,000/-


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