TDS on Rent

This query is : Resolved

CA Atul (Querist)
Follow

19 November 2009 Hi can any one tell me that, we are having trust and we take one room for rent(for labours) under which we make agreemnent with room owner also we pay advance amount Rs. 40000/- as a advance rent for every month now my Q is whether TDS is compulsary or not..... reply me as soon as possible with explaination...........

GSTP Hari Dhayalan Konar

GSTP Hari Dhayalan Konar (Expert)
Follow

19 November 2009 if rent amount exceeds Rs.120000/- p.a, then tds will be applicable. otherwise no need to deduct tds.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
Follow

19 November 2009 agree with the expert

taxindiaconnect

taxindiaconnect (Expert)
Follow

19 November 2009 The TDS will be applicable even if the rent is paid in advance. From your query it seems that your trust is paying a sum of Rs 40K as advance rent. TDS is certainly applicable

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

19 November 2009 yes TDS is applicable on advance rent also. if rent is Rs. 120000 p.a. or more then TDS should be applicable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

sachidanandam

divakar podaturu

velichety.l.narasimharao

R B Pethe

Krishna seva das

Subscribe Now

TDS on Rent

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA