tds on hire charges
This query is : Resolved
29 July 2010
hire charges 20000/- per month how much amount tds dectble
29 July 2010
No TDS u/s 194I.
As it is below exemption limit.
For more clear reply please mention what is Hired. Who is paying and who is receiving hire charges?
As it is below exemption limit.
For more clear reply please mention what is Hired. Who is paying and who is receiving hire charges?
29 July 2010
/TDS limit for rent w.e.f 1/7/10 is 180000/- p.a. i.e Rs. 15000/- per month.
So TDS u/s 194 I will be applicable.
On point no. 2 : how much TDS --- need to know , what is rented ?
From whom it is rented ?
Who is paying rent ?
So TDS u/s 194 I will be applicable.
On point no. 2 : how much TDS --- need to know , what is rented ?
From whom it is rented ?
Who is paying rent ?
29 July 2010
Since the amount exceeds the basic limit ie the amount payable is RS.240000/-, TDS should be deducted u/s 194I @ 10%
29 July 2010
Sorry for mistake i read Rs.20000/- as Rs. 2000/-.
TDS should be deducted but please give more details for accurate reply.
TDS should be deducted but please give more details for accurate reply.
29 July 2010
WEF 01/07/2010 TDS u/s 194I is applicable if Rent paid Exceeds Rs. 1,80,000/- p.a,
hence TDS is applicable in the present case as amount exceeds Rs. 2,40,000/- if hire charges are covered as Rent u/s 194I else it will be covered u/s 194C.
hence TDS is applicable in the present case as amount exceeds Rs. 2,40,000/- if hire charges are covered as Rent u/s 194I else it will be covered u/s 194C.
30 July 2010
TDS need to be deducted if total payment for the year exceeds Rs 180000/- under section 194 j...
in your case the total payment exceeds rs 240000 and hence TDS will be apply
in your case the total payment exceeds rs 240000 and hence TDS will be apply
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
- Taxation in the hands of Landowner under JDA
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
