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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- NRE Interest Income applicability
- Annual return of gst limit
- Bank accounts of Non resident
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- 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
- Annexure B utility for GST Refund
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
