APPLICABILITY OF T.D.S U/S 194-I
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2010
One of my client has two units of Partnership firm. Rent is being paid in One Unit = Rs.100000 and in other one also Rs.100000. Books are being prepared separately. Please clarify whether T.D.S u/s 194-I is to be deducted or not.
17 March 2010
TDS HAS TO BE DEDUCTED U/S194I AS THE PAN OF TWO UNITS MUST BE SAME.
SOURCE OF INCOME UNDER THAT PAN IS RS.200000/- AND HENCE TDS TO BE DEDUCTED ON RS.200000/- U/S194I AT PRESCRIBED RATE.
REGARDS
SOURCE OF INCOME UNDER THAT PAN IS RS.200000/- AND HENCE TDS TO BE DEDUCTED ON RS.200000/- U/S194I AT PRESCRIBED RATE.
REGARDS
CA Ashok Kumar Sahu
(Expert)
17 March 2010
paid more then Rs. 1,20,000/- in one year to one firm attract sec. 194I
Murtaza I Bhagat
(Expert)
17 March 2010
TDS Rules is stick to Amount not any specific field in that means your payment of rent is over Rs.1,20,000/- so as per u/s 194I TDS applicable.
CMA Ramesh Krishnan
(Expert)
17 March 2010
Rent paying More than Rs.120000/- is TDS 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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- 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
