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.
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
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