Company is paying Advance Lease Rental(Not Security Deposit) to private Telecommunation comapany, Whether provision of TDS applicable on the above payment, if Yes Under which section and at what rate.
Thanks in Advance
Menu
Tds provisions on advance lease rental to telecom company
Replies (4)
You have not mentioned the object of the lease. TDS u/s 194I will apply, provided rental is above 180,000/- pa.
TDS on rental of premises is 10%
TDS on rental of machinery is 2%
Thanks Mihir for the reply
Rental payment is made for broad band connection.
I think TDS u/s 194J at the rate of 10% will apply. Not sure.
Wait for more replies.
Further in addition with advance rental they also charged installation charges which is one time in nature. whether this issue also attract TDS provision.
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
