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
17 March 2010
paid more then Rs. 1,20,000/- in one year to one firm attract sec. 194I
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.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- GST ON DAMAGED GOODS
- Long Term Service award taxability in hands of company
- Loan by Partnership Firm
- REGARDING GST LIABILITY/....
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
