Our assessee has given building on lease and receiving lease rent on building and furniture. However as per lease agreement assessee will provide furniture as required by lessee and whatever cost will incurred by assessee, lessee will make payment in 60 installments and after full repayment ownership of furniture will be of the of the lessee. So, say for example assessee is receiveg rent for building Rs.50,000 p.m. and Rent for Furniture Rs.10,000 p.m. as described in lease agreement. Over and above assessee is receiving installment amt. of Furniture say 15000 Rs. p.m. On which amt TDS shold be deducted by lessee?
Rs.50000+Rs.10000= Rs.60000 or
Rs.50000+Rs.10000+Rs.15000=Rs.75000
Kindly guide me as early as possible.
CAclubindia
