Hello,
Can a proprietor receive rent from his own business. Can he deduct his tds on rent premises and deposit against his own pan no..
Thanks
Shriniwas
CA SHRIPAL LUNIYA
(CA, CS Final & M.Com)
(744 Points)
Replied 25 November 2011
No Sir...it is not allowed u/s 30 of income tax act,1961.
so u cant claim own rent in P&L nd as this effect there is no TDS apply.
CAclubindia
