Deduction of tax for landlord. sec 194 i
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2014
Hi.
I have one query about Deduction of tax for Landlord as per sec 194 I.
If i paid rent 50,000 & ST on that Rs 6180. Total i have to pay Rs 56,180. Please let me know on which amount i have to deduct tax at source. Rs 50,000 or Rs. 56,180 ( Rs 5000 or Rs 5,618)
I have one query about Deduction of tax for Landlord as per sec 194 I.
If i paid rent 50,000 & ST on that Rs 6180. Total i have to pay Rs 56,180. Please let me know on which amount i have to deduct tax at source. Rs 50,000 or Rs. 56,180 ( Rs 5000 or Rs 5,618)
22 January 2014
As per CBDT Circular 1/2014 dated 13/01/2014, income tax need to be deducted on the rent amount only.
Message likes :
1 times
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- GST ISD Query on various AMCs
- ITR 44AD SECTION
- Missed TDS
- Rent claimed on building given on permissive possession basis
- F&O reporting in ITR
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
