Hello 2 all
Suppose if i m paying rent for providing space for genset & premises rent as well to the same person.............but if genset space providing rent is less than threshold limit considered sepaerately so shud i deduct TDS (after considering both the rent amount as we are making payment to the same person) for example
Genset space rent ----8000/- PM
Premises rent----40000/-PM
so shud i deduct tds on both the amounts or only on the premises rent?
Pl. resolve this!
| Originally posted by : Kumar Gaurav | ||
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Hello 2 all Suppose if i m paying rent for providing space for genset & premises rent as well to the same person.............but if genset space providing rent is less than threshold limit considered sepaerately so shud i deduct TDS (after considering both the rent amount as we are making payment to the same person) for example Genset space rent ----8000/- PM Premises rent----40000/-PM so shud i deduct tds on both the amounts or only on the premises rent? Pl. resolve this! |
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Dear Kumar Gaurav
TDS should be deducted from both the payments.
If not dedudcted that it will be goods tax planning by giving a building to an individual with a separate aggrement for each room or part of room/space in such a manner to defeat the provision of Income Tax.
TDS should be deducted on Genset Rent also.
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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