194I
This query is : Resolved
Ravi Prasad
(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]
Whethert an individual (Falls under Tax Audit)paying rent to an individual is required to deduct Tax u/s 194I ?
[pmt exceeds 120,000]
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.
If payment of rent is personal in nature(own residential purpose) & no deudction is claimed in computing the income, Sec 194I doesnot apply.
CMA Ramesh Krishnan
(Expert)
13 January 2010
Yes, if is under Business purpose we need to deduct otherwise no
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
