Applicability of sec 194ib
This query is : Resolved
03 May 2017
Sec 194IB says rent payable by an individual or HUF is liable to deduct TDS @ 5% on rent of Rs. 50,000/- or more per month wef 01.06.2017 and it is applicable to Individual and HUF even if no Tax Audit.
My query is whether Sec 194IB is applicable to individual or HUF who is having business income and are liable for tax audit U/s 44AB in previous year.
Thanks in advance
My query is whether Sec 194IB is applicable to individual or HUF who is having business income and are liable for tax audit U/s 44AB in previous year.
Thanks in advance
05 May 2017
Third proviso to section 194I is applciable for individuals and HUF who are covered under tax audit. so, in my opinion section 194IB will not be applicable
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- FORM 141 SDV query
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
