TDS applicability on security deposit forfeited by lessor
This query is : Open
Quick Summary
Nitin Chotaliya
(Querist)
24 February 2021
Lessor forfiting 50% of security deposit on account of early vacating premise taken on long lease.
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?
CA R SEETHARAMAN
(Expert)
24 February 2021
Yes, 10% TDS applicable under section 194 I. Higher lease amount collected in view of early vacation.
Message likes :
1 times
Nitin Chotaliya
(Querist)
08 March 2021
Thank you Sir CA R SEETHARAMAN
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- RCM and same line
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
