Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2014
Dear Sir,
My client has started a new business, the rent payment is Rs. 2,55,000/- p.m., and its turnover is below 1 cr., then TDS on Rent is applicable or not?
My client has started a new business, the rent payment is Rs. 2,55,000/- p.m., and its turnover is below 1 cr., then TDS on Rent is applicable or not?
11 March 2014
Ya u should deduct TDS on rent @10%, coz it crosses the limit of Rs. 180000/- in a financial year. It is not based on annual turnover of the organisation.
11 March 2014
What is the statusof ur client
.
.
Tds deduction mandatory if ur client is other than huf or individual(i.e.,tds required to be deducted if ur client is partnership..or company irrespective of turnover
.
No tds required if he is individual and turnover not exceeded 1crore in previous year
.
.
Tds deduction mandatory if ur client is other than huf or individual(i.e.,tds required to be deducted if ur client is partnership..or company irrespective of turnover
.
No tds required if he is individual and turnover not exceeded 1crore in previous year
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 ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
