TDS on property lease rent
This query is : Resolved
Aziz Kotadia
(Querist)
14 May 2010
I'm planning to give one of my property on lease to nationalised bank.
annual rent would be Rs. 36,00,000/-
Is there any way to reduced TDS rate deduction from 10%, like by way of two separate agreement for lease and maintenance??
annual rent would be Rs. 36,00,000/-
Is there any way to reduced TDS rate deduction from 10%, like by way of two separate agreement for lease and maintenance??
CMA Ramesh Krishnan
(Expert)
14 May 2010
No.we cannot change, Rent is defined u/s.194I only and tds rate will be 10 % only,
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