Tds on rent for trust


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 A trust has the ownership of 2 schools at 2 different places which is on rent. the annual rent from one the schools is Rs, 4,00,000/- and the from the other is Rs. 20,00,000/-
Whether TDS provisions will be applicable in this case because the net effect of the income is remaining the same

30 June 2014 yes tds is deductible u/s 194I.

30 June 2014 yes tds is applicable on this u/s 194I............

Rupesh Jain (Expert)
01 July 2014 tds will applicable 194I @ 10% on rent amount if you pay rent exceeds Rs. 180000/- in a year.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 The PAN of the trust and the school is same

01 July 2014 that will not make a difference.


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