Regarding section 194i
This query is : Resolved
12 December 2015
Sir till august company is under no obligation to deduct tax under section 194I as rent amount was within the limit of Rs. 180000/- but from August the threshold limit crosses and company is under obligation to deduct TDS.
My question is whether TDS to be deducted on amount of rent paid from August or on full amount of the year.
And if on full amount then interest to be paid on delay deduction.
Thanks
My question is whether TDS to be deducted on amount of rent paid from August or on full amount of the year.
And if on full amount then interest to be paid on delay deduction.
Thanks
12 December 2015
TDS Should be deducted for Whole Amount U/s 194I Building & Furniture @10% & Plant & machinery @2%.
12 December 2015
and what about Interest on late deduction of tax.
Thank You
Thank You
12 December 2015
1.5% per Month will be paid otherwise it will be showed in your 26AS as TDS Default.
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 Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- 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
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
