Regarding tds deduction for individual
This query is : Resolved
11 May 2016
I am confused regarding TDs deduction for individual status who is not having tan no.
for eg A pays annual rent Rs 2,40,000 to B . whether A has to deduct tax .as both of them are individual and not having tan number. maximum available limit for tds on rent is above Rs 180000 .
plz kindly solve my query with proper and simple way.
11 May 2016
If the landlord has NO business/ professional receipts exceeding one crore/ 25 lacs in last year, NO need to deduct tax from rent in this year.
11 May 2016
if A gross receipts and sales liable to audit u/s 44AB then A have to dedcut the tds on make payment to B.
11 May 2016
why they have put limit of Rs 180000 for annual rent.
so in this case rent is Rs 240000 as per my opinion TDs must be deducted.
12 May 2016
you can read section 194I for limit of rent.............
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Long Term Service award taxability in hands of company
- BIS Certificates
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Procedure for claiming exemption in Article Ship for CA Course
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
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
