TDS on RENT

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kiran (Querist)
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31 July 2010 Society is maintaining a school, total property belongs to society only,school occupied the societies building ,whether rent can be charged in the books of school and if charged whether TDS is applicable or not?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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31 July 2010 Yes it can be charged.

AND TDS needs to be deducted if it crosses the threshold limit.

Message likes : 2 times

kiran

kiran (Querist)
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03 August 2010 how it can be charged?

Bcoz the TAN no. of the society and TAN no. of the school is SAME and how it can be charged?

And they are inter-related with each other.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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03 August 2010 As i understand ur query a society is maintaining / running a school. So how can u charge rent to your self only. It is always said you cannot deal with urself and u cannot make profit from urself.

In the accounts while consolidating the rent would be eliminated both sides and nor there would any income nor any expenses and hence no TDS cannot be deducted as no TDS can be deducted on oneself.

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