TDS Query


This query is : Resolved 

(Querist)
13 January 2010 Hello

If Co re-develop Society & Pays them Rent to vacat the sapce for some period as Temporary Accomodation then is TDS applied to them or not? which name of expneses is suitable for this kind of transaction

Thanks

13 January 2010 if you make an agreement which cross 120000 then you are eligible for deduct tds. any way you have mentioned as rent. you may account as rent expenses only

13 January 2010 TDS is applicable even you are paying Rent to Vacant land also. Expenses head also Rent Only


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