Tds on rent and amenities

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2017 Sir,
I as an individual is planning to lease out my place for a shop. We are negotiating on talks to pay 40000 as rent and 60000 as amenities per month. Ideally what should be the tds.

Pls reply

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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12 September 2017 10 for rent u/s 1941 & if amenities is in nature of contact than deduct TDS u/s 194C @ 1%/2%

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2017 Thanks sir. We have two separate agreements. One for rent and other for amenities. then will that 1 % /2% apply

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2017 Thanks sir. We have two separate agreements. One for rent and other for amenities. then will that 1 % /2% apply

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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12 September 2017 Yes, 1% in case of individual & 2% in case of others

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