194I TDS on Rent
This query is : Resolved
08 May 2025
Sir.
The Company have some guest houses which they leased to a party on monthly rent (Rs.100000/-er month)basis on agreement.
As per agreement current month's rent fall due at the end of the month and have to pay within 7 days of next month.
But the party often fails to comply the time frame. ie they pay 6 months rent at a time after 6 month.
My query is does we have to show rent due(with necessary TDS adjustment U/S 194I) from party in our account(as debtor) at the end of every month though actually we received rent after 6 month or shows in our account only when rent actually received.
Regards
Abhijit
The Company have some guest houses which they leased to a party on monthly rent (Rs.100000/-er month)basis on agreement.
As per agreement current month's rent fall due at the end of the month and have to pay within 7 days of next month.
But the party often fails to comply the time frame. ie they pay 6 months rent at a time after 6 month.
My query is does we have to show rent due(with necessary TDS adjustment U/S 194I) from party in our account(as debtor) at the end of every month though actually we received rent after 6 month or shows in our account only when rent actually received.
Regards
Abhijit
08 May 2025
You have to declare rent income (due) every month, as per mercantile system of accounting. TDS deduction can be adjusted at the time of actual rent received.
28 September 2025
Good luck.....
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
