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Tds on generator rent and building rent

CA Garima (CA) (99 Points)

27 June 2012

Dear All,

We(Company) have been paying generator rent Rs.8250 p.m. and office rent Rs.37000 p.m.

My question is that are we required to deduct TDS on generator rent also at 2% as 8250*12=99000 (does not exceed 180,000)

Can we consider generator rent and office rent separately for 180,000 limit.

Thanks in advance

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5 Replies

prateek aanchalia (CA) (859 Points)
Replied 27 June 2012

both are treated sepratly..so on generator rent u not require to deduct TDS.

CA Karan Lodhi (CA and B.com(hons.)) (879 Points)
Replied 27 June 2012

Yes both of these items are considered separately for TDS purpose.You are not required to deduct tds on rent payment for generator but tds provisions will apply to rent of office. i.e deduct 10% of 37000 and deposit 3700 p.m

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 27 June 2012

Correctly pointed out by members.

Both are separate and mutually exclusive events.

CA Garima (CA) (99 Points)
Replied 28 June 2012

thanks to All..

CA Nabh Kumar (In Job) (42 Points)
Replied 01 July 2012

That depends whether you are paying a single person more than rs. 180000 or not so if both person are same you should deduct TDs otherwise only on office rent.......................................