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?
CA PARAS BAFNA
(Expert)
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??
CA Mehta Ankur N.
(Expert)
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.
CA PARAS BAFNA
(Expert)
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
CA Mehta Ankur N.
(Expert)
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- 18% Rent a cab
- Rectification under processing even after 6 months cpc portal
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- 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
