Tds on parking charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2014 Kindly help me that if our land lord charges the parking fee in separate bill than what is the rate of TDS on that while we already deduct the TDS on Rent from him and maintenance charges also.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2014 TDS rate will be same as for Rent. Section 194I will be attracted.

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Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2014 But the Parking Charges is rs. 750/ per month ,
and that is only for the last month which is March 2014.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2014 Parking charges will be treated as part of Rent and therefore if the threshold limit is crossed for rent then TDS will required to be deducted on this amount also.

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2014 Sir i want to clear my question that previously it was paid to others vendor .
I issued to that particular vendor for parking charges for the month of March.
But now they told me that my contract is over for this parking place in February and they return my cheque and said that issue the cheque on other vendor who is my land lord also . And most important is that our C.A. is already file my TDS return. So now what to do

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2014 Its a small amount. It wont matter much. So leave this time but from April onwards do deduct TDS on it.

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