Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Rent of telephone tower

Tax queries 3312 views 4 replies

Rohit Tulshyan

RTProfessionals

333 Points Posted on 23 May 2011

In which head rent from mobile tower should be charged if the tower company uses our terrace and they use even the staircase and a seperate meter board. Also please note that the tower is on the commercial property and not the assesse residence. Can the standard deduction of 30% be claimed under it.

Replies (4)

Harpreet

* * * * * *

1670 Points Posted on 23 May 2011

The same should be charged under Hire Charges of Plant & Machinery or Equipments and the rate of TDS is @ 2% if payment exceeds of Rs. 180000/- PA

Rohit Tulshyan

RTProfessionals

333 Points Posted on 24 May 2011

Originally posted by : Harpreet
	The same should be charged under Hire Charges of Plant & Machinery or Equipments and the rate of TDS is @ 2% if payment exceeds of Rs. 180000/- PA

I need info about the rent from terrace wich is given to mobile tower company and not for the charges of tower.

Bablu Kumar Jha

Accounts Manager

266 Points Posted on 24 May 2011

you should bookd this income as head of Rent recvd from tel tower.

The rent payer should be deduct tds @ 10% if the payment exceeds by Rs.180000/- pa. other wise he'll deducted tds @ 2%. you should claim s/d u/s 24 as 30% for repair & maintt.

Regards,

Bablu Kumar JHA