Tds on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2015 I had taken a building on rent for 100000 and owner of building also charges 50000 separately for any repairs etc whether I should deducted tds on this 50000..

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 December 2015 depends on your constitution and turnover....

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2015 Sir pls tell me rate of tds 10% or 2%

Ankur

Ankur (Expert)
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04 December 2015 Rates of tax deduction:-
Sr. No. Nature of Payment TDS %
1. Rent of Plant, Machinery or Equipment 2 %
2. Rent of land, building or furniture or fitting to individual or HUF 10 %
3. Rent of land, building or furniture or fitting to other than individual or HUF 10 %

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