banner_ad

Tds on rent and payment towards use of business setup

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 July 2013 Dear Expert,
I am professional having gross profesional fee of Rs. 21.50 lakh during the Financial Year 2012-2013. Recently I have taken on hire a complete business setup and entered MOU (its noterised and not regsitered). I have to pay Rs. 15,000/- pm as rent and 10% of gross professional fees on monthly basis toward use of complete business setup including goodwill.

Considering above, whether am I required to deduct TDS on Rent and on 10% commission payable on gross professional fees. If yes, under which section of TDS?

Kindly guide me.
Profile Image

CA UMESH DULAL

Profile Image

CA UMESH DULAL (Expert)
23 July 2013 If rent you are referring is rent of office space and for furniture, there is no need to deduct TDS as total payment does not exceed 180000.

as far as commission is concern, deduct 10% of total commission.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details