Question ID : 2687

TDS ON GUEST HOUSE RENT

We are a Pvt. Company dia payg rent to an dividual (come less than 10 khs) as we have taken a house from him which we use as gu house.

Rent paid per month is Rs.21000.

What is the rate of TDS to be deducted?

Can we conr it as amount paid to contractor & deduct 2.04% as TDS
or

Gu house rent would be conred as RENT payment & 15.30% TDS is to be deducted


Also, please let me know the recourse if we have already deducted only 2.04% upto march 2006. Can we issue a certificate for 2.04% TDS showg the nature of payment as RENT

kdly reply at the earli.

Thanks & Regards

Deepak
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