TDS

This query is : Resolved

RAJASEKHAR (Querist)
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19 October 2009 HI SIR/MADAM,

ONE OF MY CLIENT PAYING THE RENT FOR THE ACCOMMODATION TAKEN FOR ONE OF THE CONSULTANTS OF THE BUILDING CONSTRUCTION, THEY DIDNT START THE OPERATIONS OF THE BUSINESS'''''' STILL BEING IN PROGRESS OF THE CONSTRUCTION OF THE BUILDING,,,,,,ARE THEY OBLIGED TO DEDUCT TDS ON RENT OR WHAT /////THEY ARE SHOWING THAT EXPS AS PRE-OPERATIVE EXPENSES....PLEASE CLARIFY...TNKS IN ADNCE....

SHIVRATAN SHARMA

SHIVRATAN SHARMA (Expert)
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19 October 2009 They are liable to deduct TDS U/s 194 I on payment of rent inspite of that the are treating preoperative expenses.

Rajeev

Rajeev (Expert)
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20 October 2009 Agreed with Mr Sharma

RAJASEKHAR

RAJASEKHAR (Querist)
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20 October 2009 I am also getting doubt that we should add the total expenditure related to building construction as building cost...so that exp is of capital nature....i hope TDS NOT deductable....please clarify it ....TNKS IN ADVNCE.............

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