Tds limit rent on commerical building
This query is : Open
Quick Summary
Kollipara Sundaraiah
(Querist)
27 September 2020
How much tds rate and limit rent on commerical building in I.t. act.
service tax applicable for rent on commerical building.
service tax applicable for rent on commerical building.
CA R SEETHARAMAN
(Expert)
27 September 2020
TDS threshold for deduction of tax on rent is Rs 2,40,000 for the FY 2020-21. TDS rate of 10% is applicable.
GST applicable if annual rent receipt exceed 20 lacs.
GST applicable if annual rent receipt exceed 20 lacs.
Message likes :
1 times
Sagar Patel
(Expert)
28 September 2020
TDS on the amount paid or credited during the period from 14th May, 2020
to 31st March, 2021 shall be deducted at the reduced rates of 7.5 %
[CBDT Press release dates 13th May, 2020]
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- 18% Rent a cab
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Rectification under processing even after 6 months cpc portal
- RCM and same line
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Appointment of Auditor By Form ADT-1
- 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
