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tds on rent for pvt ltd. co.

This query is : Resolved 

10 January 2009 what would be the tds for 27500 per month rent we are a pvt. ltd. co. and deposit amount is rs 50000/-
we are using a residential flat commercially as our office

10 January 2009 WHAT IS THE STATUS OF THE RECEIPENT TO WHOM YOU ARE MAKING THE RENT PAYMENT
TDS % WILL DIFFER DEPENDING ON THE STATUS OF THE RECEIPENT

CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674

11 January 2009 TDS For rent would be applicable if you paying 120000 for a year or RS 10000 per month.....IF the Payee is Individual then it is 15.45%.If your land lord is a corporate then rent would be 22.66%.IF the land lord is NRI Then 33.99%.You have to pay TDS as rent for each month is more than 10000.Please apply the rate applicable to you in this context....


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