Tds on rent
This query is : Resolved
25 February 2016
Dear Sir/Ma'm,
My client is individual and paying rent exceeding 180000/- for FY 2015-16.
He has not deducted TDS on the same till march 2016 because he was not liable for tax audit till march 16.
Now in march his turnover exceeds 1 crore, so now what is the remedy for the same??
shall he deduct TDS for whole the rent for this FY or else??
Please answer early if possible..
Thank you
My client is individual and paying rent exceeding 180000/- for FY 2015-16.
He has not deducted TDS on the same till march 2016 because he was not liable for tax audit till march 16.
Now in march his turnover exceeds 1 crore, so now what is the remedy for the same??
shall he deduct TDS for whole the rent for this FY or else??
Please answer early if possible..
Thank you
27 February 2016
Yes he need to pay TDS on whole Rs 1,80,000/- and that to with interest for late deduction.
12 March 2016
Dear Sir,
If Individual or HUF is liable for audit u/s 44AB in preceding FY then only liable to deduct TDS.In my case he is require to get its accounts audited u/s 44AB is current year itself and not in preceding year.
Thank you
If Individual or HUF is liable for audit u/s 44AB in preceding FY then only liable to deduct TDS.In my case he is require to get its accounts audited u/s 44AB is current year itself and not in preceding year.
Thank you
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS AND ITR ISSUE
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- Non-Compliance documents have not been submitted by the contractors debited
- 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
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
