Income tax
This query is : Resolved
06 March 2012
Hello
mr.x has a acquired land for lease from mr.y...the monthly rent is 15000 p/M with service tax leveid is 10.30% & the actual expensess is 16545 p/M....
can u tell the taxable amt...
mr.x has a acquired land for lease from mr.y...the monthly rent is 15000 p/M with service tax leveid is 10.30% & the actual expensess is 16545 p/M....
can u tell the taxable amt...
06 March 2012
Are you asking taxable amount for the purpose of deducting TDS u/s 194I?
In that case, it is Rs. 15,000/-
However, TDS is not required to be deducted since the annual payment does not exceed Rs. 1,80,000/-
If you are asking about the amount taxable in the hands of the lessor, then it is also Rs. 15,000/-.
In that case, it is Rs. 15,000/-
However, TDS is not required to be deducted since the annual payment does not exceed Rs. 1,80,000/-
If you are asking about the amount taxable in the hands of the lessor, then it is also Rs. 15,000/-.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- GST rate and HSN code for sale of racing horses
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
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
