Rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2011
sir
my rent aggrement is started from dec2010 to nov 2011. my monthly rent is 41000/- I had given a one month security. after 10 month owner said security will be adjusted in rent. when tax is deducted when he treat rent or when i pay security
my rent aggrement is started from dec2010 to nov 2011. my monthly rent is 41000/- I had given a one month security. after 10 month owner said security will be adjusted in rent. when tax is deducted when he treat rent or when i pay security
05 August 2011
Since the advance rent is adjusted in rent,it partakes the character of 'refundable deposit'. Therefore, TDS is not applicable at the time of payment of 'security' as per circular 718 dated 22/8/1995. But TDS may be applied in the month of adjustment from 'security' to 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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- 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
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
