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.
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.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- 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
