TDS on Rent & Electricity
This query is : Resolved
25 September 2016
We pay electricity bill of Rs. 13000/- and Rent of Rs. 35000 to our office landlord. should we deduct Tds on these payments??if yes,at which Rate??
26 September 2016
TDS should be deducted on rent amount only u/s 194I @10%. Ignore TDS on Electric amount.
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26 September 2016
thank you very much and one more thing,we also pay generator rent and amount for its consumption. is TDS applicable.if yes at wat rate
26 September 2016
Yes TDS will b u/s 194-I @2% , for Rent paid of Generator. U can show ur appreciation by hitting the thanks button if u like my reply.
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26 September 2016
thanx sir.thanx a lot.u solved my problem
26 September 2016
U r always welcome dear, we r here to help u..............
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