House property & tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2011
R Ltd.let out its building to G Ltd. from 1.4.08 & received the following:-
Areas of Rent recd. - 70000
Rent for the year - 240000
Non- refundable deposit - 100000
What is the liability of G Ltd. for TDS?
Areas of Rent recd. - 70000
Rent for the year - 240000
Non- refundable deposit - 100000
What is the liability of G Ltd. for TDS?
28 January 2011
1. Arrears of rent .Section 194I attracts. Refer 215 ITR 618(Mad).
2. Rent for the year .194I attracts.
3. Non- refundable deposit.Section 194I attracts.
Refer 2007 TIOL 124(Del) and CBDT Circular No.5/2001
and 718/1995.
2. Rent for the year .194I attracts.
3. Non- refundable deposit.Section 194I attracts.
Refer 2007 TIOL 124(Del) and CBDT Circular No.5/2001
and 718/1995.
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