Tds
This query is : Resolved
12 October 2011
if a person is paying house rent of rs30000 per month then whether he is required to deduct tds. plz keep in mind that house rent is for personal purpose.
CA Navin Jain
(Expert)
12 October 2011
no need to deduct tds.
CA Navin Jain
(Expert)
12 October 2011
in the case of individual and HUF provision of sec 194I is applicable if
huf and individual who's sales is exceed limit specified in section 44AB(tax audit)(40 lacs for business 10lac for professionals)during the financial year immediately preceding the financial year
huf and individual who's sales is exceed limit specified in section 44AB(tax audit)(40 lacs for business 10lac for professionals)during the financial year immediately preceding the financial year
CA SUMiT PATWARi
(Expert)
12 October 2011
Deduct TDS u/s 194I if the person making the rent payment is subject to Tax Audit u/s 44AB.
If the payer is not subject to tax audit then he cannot deduct TDS whatsoever under any section.
If the payer is not subject to tax audit then he cannot deduct TDS whatsoever under any section.
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