Tds on rent?
This query is : Resolved
CA Bharti Sharma
(Querist)
07 April 2012
what tds to be deducted on rent payment of rs 250000? whether RS 25000 or (250000-180000)*.10 =Rs 7000.?
CA CS Amit S. Kedia
(Expert)
07 April 2012
Rs 25000 will be deducted.once the limit is crossed, the TDS will be deducted on whole of the amount
CA Kishore Tallam
(Expert)
07 April 2012
Agree with Amit. If service tax is levied on such rent, it will not be considered for TDS deduction.
CA Mahesh Vekariya
(Expert)
07 April 2012
Agree with CA Kishore but 2% TDS on Plant & machinery rent and on other case it is 10%
prateek aanchalia
(Expert)
07 April 2012
if rent is paid for other than plant & machinery, furniture than TDS @10%, if rent is paid for Plant & machinery than TDS @2% on whole amount if that amount is excess of Rs. 180000. but remember that if assessee also pay service tax on rent than service tax amount are not lible to Tds means gross amount on which service tax charged are also liable for TDS.
So u require to pay tds on full amount as per nature of assets.
So u require to pay tds on full amount as per nature of assets.
CA PRAVEEN SINGH
(Expert)
07 April 2012
YES AGREE WITH ALL ABOVE..
TDS IS TO BE DEDUCTED TO WHOLE AMOUNT..
TDS ON PLANT & MACHINERY IS 2%.
TDS IS DEDUCTED EXCLUDING SERVIVE TAX.TDS ON RENT U/S 194 I..ONLY.
TDS IS TO BE DEDUCTED TO WHOLE AMOUNT..
TDS ON PLANT & MACHINERY IS 2%.
TDS IS DEDUCTED EXCLUDING SERVIVE TAX.TDS ON RENT U/S 194 I..ONLY.
CA Bharti Sharma
(Querist)
09 April 2012
thanks sir... thanks to all of u..
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- TDS- 2026-27 Q1 Correction
- Advances to related party
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Capital Gains Tax on Inherited Mutual Fund
- GSTR9 Annual Return
- Applicability of tax on invoice
- Ito add credit side of bank
- 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
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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
- How to pay remaining amount of TDS after due date?
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
