Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2015
I pay cheque every month to our landlord from 1.02.2014 to 31.1.2015 of Rs 14000/- each month ,now landlord renewed rent agreement with 10 % hike i.e Rs 15400/- & rent amount will be paid Rs 15400/- from 1.02.2015.
My query is now can i deduct 10 % as tds at the time of payment or Rent.
My query is now can i deduct 10 % as tds at the time of payment or Rent.
14 February 2015
If Tax Audit u/s 44AB was applicable to you in the previous Financial Year then you are liable to deduct TDS otherwise not.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2015
Dear SIr,
But if i calculate total fy rent amount not exceed Rs 180000/-
Calculation (From 1st april 2014 to 31 jan 2015 is Rs 140000/-(14000X 10 month) & last 2 month of this fy is 30800/-. Total will be 170800/-
Then how can i deduct TDS.
But if i calculate total fy rent amount not exceed Rs 180000/-
Calculation (From 1st april 2014 to 31 jan 2015 is Rs 140000/-(14000X 10 month) & last 2 month of this fy is 30800/-. Total will be 170800/-
Then how can i deduct TDS.
27 February 2015
Sorry. TDS not required to be deducted since threshold limit is not crossed.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
