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TDS ON RENT

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Querist : Anonymous

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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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
03 November 2009 Rent of building would cover rent for generator and transformer also and TDS is deductible.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 November 2009 i agree with mr. warrier
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