TDS ON BUILDING RENT
This query is : Resolved
16 August 2010
WHAT IS TDS RATE ON BUILDING RENT . ANNUAL RECEIPT IS RS 150000.
TDS SHOULD BE DEDUCTED OR NOT.
TDS SHOULD BE DEDUCTED OR NOT.
16 August 2010
w.e.f 1/7/10 the threshold limit for TDS is 180000/- , so TDS should not be deducted.
But, since this threshold is from July,10 & if you have already deducted TDS in the months of April to June,10 the it would be advisable to continue deduction TDS for this complete FY.
However, rate of TDS on building rent is @ 10 %
But, since this threshold is from July,10 & if you have already deducted TDS in the months of April to June,10 the it would be advisable to continue deduction TDS for this complete FY.
However, rate of TDS on building rent is @ 10 %
16 August 2010
Agreed, if the owner does not have objection in the matter.
16 August 2010
OUR COMPANY IS RECEIVING BUILDING RENT FROM BANK @ 12500/- PERMONTH I.E RS 150000/- PA WHICH IS LESS THAN RS 180000/-
SHOULD WE ASK THEM NOW TO STOP DEDUCTING TDS .
SHOULD WE ASK THEM NOW TO STOP DEDUCTING TDS .
16 August 2010
Yes you can very well ask, if TDS is unnecesssarily increasing your likely refund amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
