Regarding applicability of tds
This query is : Resolved
08 December 2016
Dear Sir,
Mr. A is an individual and providing consultancy services to XYZ Pvt. Ltd. Mr. A and XYZ Pvt. Ltd have taken a premises on Rent together for office. Liability for payment of Rent is 1:3 respectively for Mr. A & XYZ Pvt. Ltd. But complete rent is paid by XYZ Pvt. Ltd. after deducting TDS. XYZ Pvt. Ltd. pays consultancy fee to Mr. A after deducting rent paid to Mr. A part. Kindly suggest me the applicability of TDS in this case with a CASE Reference.
Mr. A is an individual and providing consultancy services to XYZ Pvt. Ltd. Mr. A and XYZ Pvt. Ltd have taken a premises on Rent together for office. Liability for payment of Rent is 1:3 respectively for Mr. A & XYZ Pvt. Ltd. But complete rent is paid by XYZ Pvt. Ltd. after deducting TDS. XYZ Pvt. Ltd. pays consultancy fee to Mr. A after deducting rent paid to Mr. A part. Kindly suggest me the applicability of TDS in this case with a CASE Reference.
08 December 2016
There are two transactions involved at the end of XYZ. 1. Payment of rent to landlord on behalf of Mr. A, and 2. Payment of professional fee to Mr. A. XYZ should deduct TDS on full amount of professional fee payable to Mr. A. The payment to Mr. A may be of the net amount after adjusting the rent paid on his bahalf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
