TDS On Rent
This query is : Resolved
17 July 2009
Hello.......
I Pay rent monthly Rs.49500.00 for premises to individual owner. So I want to know percentage of TDS & Surchrge for this payable rent for deduction.
I Pay rent monthly Rs.49500.00 for premises to individual owner. So I want to know percentage of TDS & Surchrge for this payable rent for deduction.
17 July 2009
As per Section 194 I ,
Tds deducted u/s 194 on rent paid till 1st Oct 2009 15.45%
On rent paid onwards 1st oct 2009, Tds on rent is to be deducted 10.30% .
Tds deducted u/s 194 on rent paid till 1st Oct 2009 15.45%
On rent paid onwards 1st oct 2009, Tds on rent is to be deducted 10.30% .
17 July 2009
Sir, on 1st October onwards it shall be only 10%. Education cess is now not to be added on TDS amount. Further, this provision shall apply only when budget is passed on 22nd July. Third, please ensure that deductor is not an individual. An individual is liable to deduct TDS if he is covered in Section 44AB i.e Tax Audit.
17 July 2009
Sir, on 1st October onwards it shall be only 10%. Education cess is now not to be added on TDS amount. Further, this provision shall apply only when budget is passed on 22nd July. Third, please ensure that deductor is not an individual. An individual is liable to deduct TDS if he is covered in Section 44AB i.e Tax Audit.
17 July 2009
Mr.Tarun's explanation is correct.
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
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
