banner_ad

44 ad and rent received on plant & machinery

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 February 2013 RESPECTED SIR
THANKS FOR SHOWING INTEREST IN QUERY

A CONTRACTOR TURNOVER 2100000 P.A 21000 TDS DEDUCTED 194C
N ALSO RECEIVED RENT ON PLANT & MACHINERY
1200000 P.A ,,,TDS 24000 U/S 194I

THEN MY QUESTION IS
1 CAN WE ADOPT 44 AD
2 RENT ON P&M TAXABLE IN WHICH HEAD
3 AND TAXABLE VALUE OF RENT(12LAC OR 12LAC- PLANT EXP.)
Profile Image

Shrikant Toshniwal

Profile Image

Shrikant Toshniwal (Expert)
27 February 2013 yes,44ad with 8% profit ,
rent on plant and machinery is covered under other source (1200000-expences)=other source
Profile Image

Gopal Sengar

Profile Image

Gopal Sengar (Querist)
27 February 2013 there is any limitation for Expenses
can we 12L-10L
for tax saving point of view
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details