194 I or 194IB
This query is : Resolved
12 May 2023
Hello,
suppose I am proprietory concern and filed Tax audit report and I am paying rent exceeding 50000 to resident person for residential use then tds to be deducted under what section 194 I or 194 IB ?? should I deduct TDS @ 10% or 5%
Please reply
suppose I am proprietory concern and filed Tax audit report and I am paying rent exceeding 50000 to resident person for residential use then tds to be deducted under what section 194 I or 194 IB ?? should I deduct TDS @ 10% or 5%
Please reply
12 May 2023
UNDER WHICH SECTION TAX AUDIT REPORT WAS FILED?
WHAT WAS YOUR TURNOVER IN PRECEDING YEAR?
WHAT WAS YOUR TURNOVER IN PRECEDING YEAR?
16 May 2023
professional service turnover above 1 cr less than 10cr
16 May 2023
In that case you are liable to deduct TDS under all IT provisions. For rent you should deduct TDS u/s. 194-I of the act.
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
- Capital gains-24.06.2025
- FNO transaction not reflecting AIS
- TDS DEDUCTED ON PAN OF DECEASED FOR INCOME EARNED POST DEATH
- Confused regarding applicability of books of accounts and audit
- Taxation under the head Salaries
- Payment of Professional Tax to Chennai Corporation
- ENUM VALUE
- Ltcg-20.06.2025
- Disclosure in DPT-3
- GSTN Suo Moto cancelled
- Credit Notes against cancellation of Invoices issued to SEZ Developer
- TWO GST REGISTRATION FOR SAME BUSINESS
- ASSESSMENT PROCDDEING UNDER SECTION 142(1)
- Is Special Resolution needed Loan From Directors by a Private Limited Company 4 times the net worth.
- Tax audit due date f.y.24-25
- How can Wikipedia serivces really save your time?
- Regarding to Relinquishment of Rights
- VRS Receipts Exemption limit
- Traces- TDS Demand Outstanding
- Can I pay someone to do my NVQ assignment in UK?
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
