Query in TDS Challan No.281
This query is : Resolved
Guest
Guest
(Querist)
08 October 2009
A (DEDUCTOR) is an individual.
A pays rent to B (DEDUCTEE), an individual for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0021 - NON-COMPANY DEDUCTEES.
Deductor A deducts TDS on Deductee B's rent and uses the above mentioned challan under the code no.0021.
Is it right that B should be called as NON-COMPANY DEDUCTEE ?
Please confirm the understanding.
A pays rent to B (DEDUCTEE), an individual for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0021 - NON-COMPANY DEDUCTEES.
Deductor A deducts TDS on Deductee B's rent and uses the above mentioned challan under the code no.0021.
Is it right that B should be called as NON-COMPANY DEDUCTEE ?
Please confirm the understanding.
CA SANJAY MUKHERJEE
(Expert)
09 October 2009
Yes B is Non Company Deductee ( Being Individual)
However since A ( deductor ) is individual he is only liable to deduct TDS if he is liable to Tax Audit under section 44AB in the last F.Y.
However since A ( deductor ) is individual he is only liable to deduct TDS if he is liable to Tax Audit under section 44AB in the last F.Y.
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