banner_ad

194I

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 January 2010 Dear all,
Whethert an individual (Falls under Tax Audit)paying rent to an individual is required to deduct Tax u/s 194I ?
[pmt exceeds 120,000]
Profile Image

CA. Pradeep Nayak

Profile Image

CA. Pradeep Nayak (Expert)
13 January 2010 If the rent is paid for business purposes & claimed as a deduction in computing the income of the said individual, then tax is to be deducted u/s 194I.

If payment of rent is personal in nature(own residential purpose) & no deudction is claimed in computing the income, Sec 194I doesnot apply.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
13 January 2010 Yes, if is under Business purpose we need to deduct otherwise no
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
14 January 2010 agree to experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details