TDS APPLICABILITY ON RENT
This query is : Resolved
Quick Summary
13 December 2021
Hi Sir,
We are been paying rent after deducting TDS (194I) and TDS is been depositing with Govt every month bill to bill. And the transaction or the rent paid is crossed 50,00,000(Fifty Lakhs), as per the Income Tax new rule we need to deduct TDS under sec 194Q once the purchase crosses threshold limit.
As we are already deducting TDS u/s 194I and making the payment, do we need to deduct TDS u/s 194Q as well for rent.
Regards,
Santosh
We are been paying rent after deducting TDS (194I) and TDS is been depositing with Govt every month bill to bill. And the transaction or the rent paid is crossed 50,00,000(Fifty Lakhs), as per the Income Tax new rule we need to deduct TDS under sec 194Q once the purchase crosses threshold limit.
As we are already deducting TDS u/s 194I and making the payment, do we need to deduct TDS u/s 194Q as well for rent.
Regards,
Santosh
B Sathyanarayanan
(Expert)
13 December 2021
not required , you can file Tds 194 I and not on sales ,since rent is not a goods falling under 194q .
Message likes :
1 times
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
