Tds on rent(194 i)
This query is : Resolved
19 July 2013
Two Rent agreement, But rent paid to one person(Rs. 3,05,000.00 Yearly for both agreement) Whether TDS should Deducted or Not?
19 July 2013
As the recipient of rental income is the same, TDS is deductible
Message likes :
1 times
19 July 2013
Thank You Sir,
I stll need one more clarification
What if the 2 agreements are in the name of two different parties and the recipient is same??
I stll need one more clarification
What if the 2 agreements are in the name of two different parties and the recipient is same??
19 July 2013
Then no TDS..........
In first situation TDS should be deducted
In second situation TDS should not be deducted.
In first situation TDS should be deducted
In second situation TDS should not be deducted.
19 July 2013
Here you have not specified the agreed rent amount.
.
TDS provisions are applicable when the rent payment exceeds Rs. 180000/- to a single payee.
.
If 1 agreement is of Rs. 1.00 lac with X and other is of 2.05 lac with Y, then TDS on payment to Y will be deductible.
.
.
TDS provisions are applicable when the rent payment exceeds Rs. 180000/- to a single payee.
.
If 1 agreement is of Rs. 1.00 lac with X and other is of 2.05 lac with Y, then TDS on payment to Y will be deductible.
.
Message likes :
1 times
19 July 2013
Agree with sir, that point i missed out.........
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
- ITR-Capital Gain
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- DUE DATE FOR ITR FILING
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
