Easy Office

Tds on rent

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 July 2015 Rent covered under section 194I covers the scheduled payment of rent for machinery i.e. monthly/quarterly or it can be applied in the case of payment of rent for each time when machinery is taken on hire i.e as and when required??
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
07 July 2015 Whether monthly or case to case basis, TDS apply u/s.194I on all the cases if the threshold limit exceeds
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
08 July 2015 once the threshold limits exceed then tds u/s 194I is applicable.



Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 July 2015 Ok..
Once the threshold is exceeded, then TDS is to be deducted on the whole amount including the earlier one??
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
09 July 2015 yes all the amounts paid u need to consider and deduct on all payments made in fy.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links