banner_ad

Advance recepit of rent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 June 2013 Friends

when advance receipt of rent is liable to deduct TDS

please tel me
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
06 June 2013 Rent advance is liable for TDS u/s 194I of the Income tax Act,1961.
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
06 June 2013 YES,..

IF YOU RECEIVED RENT IN ADVANCE DEDUCTOR WILL DEDUCT TDS AND REMIT THE REST..

As per Provisions of The Income tax Act Liability towards deduction& remittance of TDS will arise on the basis of payment made to the party or amount credited to the party whichever is earlier
Profile Image

ramanamma

Profile Image

ramanamma (Querist)
06 June 2013 For it is Refundable or non Refundable Rent advance

or
for both.

confusion
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
06 June 2013 If advance is refundable, no need to deduct income tax u/s 194I. Please refer Circular 718 dated 22/08/1995.
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
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

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

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details