Tds on building maintenance
This query is : Resolved
08 October 2012
Hi,
I want to know the TDS rate on Building maintenance in case the building maintainence is part of the agreement.
Whether it is 2% u/c 194C or 10% u/s 194I.
Thanks
I want to know the TDS rate on Building maintenance in case the building maintainence is part of the agreement.
Whether it is 2% u/c 194C or 10% u/s 194I.
Thanks
08 October 2012
If its part of agreement Section 194I will be applicable. Rate of TDS 10%.
"Rent" means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any land or any building (including factory building), together with furniture, fittings and the land appurtenant thereto, whether or not such building is owned by the payee;
"Rent" means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any land or any building (including factory building), together with furniture, fittings and the land appurtenant thereto, whether or not such building is owned by the payee;
08 October 2012
what if it is not part of the Rental Agreement? whether 194C will apply?
08 October 2012
If not part of Agreement then you can deduct TDS u/s 194C.
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