TDS applicability on Genset usage
This query is : Resolved
Amit Bhatkar
(Querist)
13 April 2009
Hello Sir,
Our company has a rented premise. To avoid power cut, we are using common genset installed in our building common facility.
We pays to our owner per month, apart from office rent, on the basis of units consumed by us.
Does this re-imbursement attracts TDS ?
Kindly guide us
Amit
Our company has a rented premise. To avoid power cut, we are using common genset installed in our building common facility.
We pays to our owner per month, apart from office rent, on the basis of units consumed by us.
Does this re-imbursement attracts TDS ?
Kindly guide us
Amit
CA.Tarun Maheshwari
(Expert)
13 April 2009
Yes. In my opinion, it is in the nature of hire charges of rent although not fixed. This should be covered in the TDS provisions.
Deepak Goel
(Expert)
14 April 2009
Yes, TDS is applicable on hire charges u/s 194I @ 10.3%
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