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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
