TDS ON RENT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2009
Dear All ,
I have a doubt regarding the TDS rate on rent as per the new rate
We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .
Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same .
so do we need to dedust tds .
Regards
Nisha
I have a doubt regarding the TDS rate on rent as per the new rate
We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .
Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same .
so do we need to dedust tds .
Regards
Nisha
03 November 2009
According to me, Rs.26000/- will come under 'rent of building' and the other two are under 'rent of plant,machinery & equipments' category for the purpose of 194I.
CA SANJAY MUKHERJEE
(Expert)
03 November 2009
Rent of building would cover rent for generator and transformer also and TDS is deductible.
03 November 2009
i agree with mr. warrier
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
