TDS on rent 194 IB
This query is : Resolved
27 March 2023
We are a partnership firm. We are paying monthly rent of bungalow above Rs. 50000 to individual landlord. Can we liable to deduct TDS @ 5 % ? Please guide.
27 March 2023
Any person (who is not an Individual/HUF) pays to another resident an income by way of rent, above a specified limit i.e., Rs.2,40,000 in a year, is required to deduct TDS u/s 194I of IT act at 10%.
Message likes :
1 times
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
- Registry of flat in 3 names
- Taxability with reference to DTAA
- TDS on payment of Event fees to foreign Party
- TDS on Bank charges to company
- Capital Gain on sale of Listed Equity Shares
- Regarding TDS 194Q w.e.f 1 April 2025
- STCG on equity shares/ETF-sundeep
- Writing on the bill while release payment
- TDS Rent 94I
- Forms to be file after INC 20A
- Place of Supply for immovable property
- Recovery of gst
- PF Withdrawal Reporting in ITR
- 264 Petition
- DIR 12 for appointment and resignation
- Invoice raised in March and Stock Received In April which date important
- Outside doctors fee in P&l Account
- Capital gain on share swap
- Regarding TDS return 27Q (NRI Property TDS)
- Companies law Dividend
Trending Online Classes
CAclubindia
