will the electricity charges and generator charges paid to owner for use, be liable for 194 I or 194 C.
Menu
TDS ON RENT
Replies (20)
yes
If you pay electricity charges as actually incurred to your office means you are indirectly paying to government.
So TDS wont attract on electricity charges.
But If you pay generator charges to owner means that will attract TDS.
This is my view.... please wait for the others reply (to take expert opinion) on this.
Electricity charges will not attract TDS. But using hired generator will attract TDS. The section depends upon the agreement. If we have hired generator for a specific period, then it is 194I. If it is for your indefinite use, then it is 194C.
Mr M Sriram is correct
It will be u/s. 194C
A small addendum. Electricity charges will escape only if they are as per bill raised by the electricity board otherwise (If it is collected at some flat rate etc.,) they will also be liable for TDS. If generator charges are paid on equipment renting it is 194I otherwise it is 194C
No
GENERATOR RENT , IT WILL BE COME U/S SEC 94C & PLS GIVE UR VIEW FOR THIS..........
whether water charge paid to lesee at some flat rate liable for TDS u/s 194I
what is the percentage of generator on rent
what is the rate of tds on rent of generator
Company paid rent 8500 and electricity 3200 per month to Building owner. And electricity bill paid by owner.
Its rent with electricity amount will be TDS dedectable ? or only rent .
If yes then rate ?
Mr. S.Srinivasaraghavan's answer is correct.
TDS WILL NOT ATTRACE U/S 194C AS THERE IS NO CONTRACT AS SUCH BETWEEN THE OWNER & TENANT.IT IS JUST AN INTERNAL ARRANGEENT BETWEEN THE OWNER & TENANT TOWARDS PAYMENT OF ELECTRICITY CHARGES. IF A PAYMENT OF ELECTRICITY BILL BY TENANT DIRECTLY COULD NOT ATTRACT TDS THEN IN MY VIEW EVEN A PAYMENT TO OWNER WILL NOT ATTRACT TDS. THE OWNER IS NOT RENDERING ANY SERVICE LIKE ADVERTISING AGENCY,CATERING ETC.
Recent Threads
- LONG TERM CAPITAL GAIN ON SALE OF SHARES AND SECUR
- Ppf and tax free bond under which header
- Laid off employee deductions admissible on severan
- Duplicate Salary entry
- Tax audit applicability on fno, intraday
- NSDL and CDSL have not reported sales made on 28th
- Schedule FA table A2 - what to specify in amount?
- GST on Real Estate Developer | Construction Contra
- How to treat losses from f and o trading in itr
- ITR 44AD and Fno
Related Threads
CAclubindia
