TDS ON RENT
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....DS ON RENT<br> Query (Issue) Started By: - pradip patwardhan Dated:- 3-6-2014 Last Reply Date:- 16-6-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Experts, We are at pvt ltd co. paying rent on ....
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....accomodation of our labour to another pvt ltd. co. Rent amount is 15,000 P.M. and we are paying Electricity bill of that premises which is 5000/6000 p.m. My query is whether TDS is applicable on this ....
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....rent amount as the total rent amount is 1,80,000/- (excluding electricity amount) or whether electricity bill amount will be the part of rent?? kindly suggest... Awaiting your rply... Regards, Prad....
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....ip Patwardhan Reply By sanjay soman: The Reply: It depends on the rent agreement made by you. If Electricity charges are to be borne by the tenant and rent is below Rs.180000/- p.a there is no need ....
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....to deduct the TDS. If you agreement says that rent is inclusive of electricity charges and total rent will be Rs.15000/- plus elect. charges then you have to deduct the TDS. Because it will be only re....
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....nt, irrespective whatever charges you have covered in rent amount.This is my opinion.<br> Discussion Forum - Knowledge Sharing ....