i have a business centre in chennai , i rent out office cabins for montly rental basis ,i collect rent inclusive of electricity ,drinking water,common maintance charges ,common lighting ,common water and tax ,i have over 30 cabins for rent and my rent ranges from 5k to 10k per month and i collect cheques in name of my business firm ,my building is a commercial building and i enter into an agreement for 11 months period ,i have about 40 -70% occupancy ,i also collect 3 month rent as interest free refundable security deposite,Some client deduct tds from 10% to 15% ,i provide table ,chair,air condition,meeting room ,drinking water ,fully furnished office cabins, own building .
my question here is
1.what is the exact amount of tds to be deducted from my montly rental?
2.if some client deduct only 10% and the other deduct 15% sud i pay the balance tds to the gov?
3.some client do not deduct tds as there rent is only 5k per month,do i have to pay for that too?
4.does business centre collect service tax or pay service tax ,but i do not provide any service?
5.some client pay 5 k for 9 months and they move to bigger cabin after 9 months and deduct entire year tds ,i go on loss ?
6. some do not provide me with tds certificate while vacating they just stop paying rent for three months and vacate what do i do ?
7.some conduct interview for a day and i collect rs.500/day sud i pay tax for that income ?
property tax ,tds,water tax ,water charges,electricity bill,telephone, a/c maintance,salary,general maintance ,repainting ,etc after all the expence i am not gaining enough profit for the interior i have spent .insite of owning the building.
CAclubindia
