applicability of TDS

Hi Friends,

This is know about the provisions of section 194I of I.T Act  read with circular 715 dt 08-08-1995.

Our company has taken the office premises in I.T. Park on rent from another company. MSEB  has placed a meter for entire I.T. Park and accordingly generate the single electricity bill in the name of landlord.  Lanlord pays the electricity charges directly to the MSEB and claims the reimbursement from all the tenants as per thier usage units. To identify those usage units, lanlord has instatted separate meters for different office units.

As per provision of 194 - I,  TDS has to deducted on Rent Income andcircular I 715 refers to section 194C & 194J only.

Please guide on the definition of Rent and let me know whether reimbursements are covered in 194 - I.

Thanks,

Tejashree

hahahah

dear

If u read 194J clearly from ACT there is clearly define Advertisment should consider under profession so rate of tds applicable as per 194J 

Mr. Jain

                    Read the question what i asked. If agency apid any changes to models and all professionals comes under 194J Baba. I asked payment made by advertisement agency to print media to get the work done. Got it?

Dear Sir,

Is e-Payment of TDS is compulsory? I belong to a limited company. Please give detail.

Regards,

Rakesh Aggarwal