TDS
This query is : Resolved
09 May 2010
Mr.x runs a consultancy firm, his turn over of professional fee receipt is Rs.7,00,000/- for F.Y.2009-10,
Q-1) he pays office RENT of Rs.15000/- p.m., is TDS aplicable on such RENT. (7LAC TURNOVER NOT LIABLE TO AUDIT)
Q-2) he his not liable for service tax for F.Y.2009-10, Wt is service tax limit for F.Y.10-11
Q-1) he pays office RENT of Rs.15000/- p.m., is TDS aplicable on such RENT. (7LAC TURNOVER NOT LIABLE TO AUDIT)
Q-2) he his not liable for service tax for F.Y.2009-10, Wt is service tax limit for F.Y.10-11
09 May 2010
TDS on rent Expempt in 2010-2011 up to 180000/= so no tds in this year
Service tax exempt limit 10 lakh so no service tax applicable.
Service tax exempt limit 10 lakh so no service tax applicable.
09 May 2010
AGREE WITH EXPERT
10 May 2010
I think TDS is to be deducted on Rent...
As limit of Rs. 180000 will be applicable from 1 july 2010.
and for FY 09-10 limit was Rs. 120000. and also the Turnover limit of Rs. 700000 would be beneficial for Individual / HUF, not for a FIRM..
As limit of Rs. 180000 will be applicable from 1 july 2010.
and for FY 09-10 limit was Rs. 120000. and also the Turnover limit of Rs. 700000 would be beneficial for Individual / HUF, not for a FIRM..
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
