Tds on maintenance charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2016
Sir,
At present my company giving rs-5000/- p.m. as a maintenance charges to his land lord. So what is the TDS rate and ceiling limit for maintenance charge, if it is crossed rs- 5000/- in future.
What will be the amount of maintenance charge annually, for that tds need to be deducted ?
At present my company giving rs-5000/- p.m. as a maintenance charges to his land lord. So what is the TDS rate and ceiling limit for maintenance charge, if it is crossed rs- 5000/- in future.
What will be the amount of maintenance charge annually, for that tds need to be deducted ?
Ankur Singhal
(Expert)
04 March 2016
Dear
it is a part of the rent taken by the landlord hence TDS would be deducted under section 194I @10%.
the limit for rent is Rs.1,80,000/- p.a
it is a part of the rent taken by the landlord hence TDS would be deducted under section 194I @10%.
the limit for rent is Rs.1,80,000/- p.a
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