questions on tax
This query is : Resolved
04 September 2008
suppose a bill has been submitted mentioning rent for premises-22000 and rent for furniture-70000. now as far as my knowledge goes as per sec 194I no TDS will be deducted as the amount of bill does not exceed Rs 120000. It is only Rs-92000. Am i right in this case or not -pl. explain
04 September 2008
1. Payment should be made by any person, except HUF & individuals
2. Tax to be deducted at the time of making due or making payment,
whichever is earlier.
3. Tax to be deducted @ 20 % plus surcharge plus education cess of total
amount (15% in case payment is made to Individual or HUF)
4. TDS only if annual amount exceeds Rs. 1, 20,000.
2. Tax to be deducted at the time of making due or making payment,
whichever is earlier.
3. Tax to be deducted @ 20 % plus surcharge plus education cess of total
amount (15% in case payment is made to Individual or HUF)
4. TDS only if annual amount exceeds Rs. 1, 20,000.
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
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- 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
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
