banner_ad

tds on rent

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 June 2010 We are paying house rent to an individual. payment of rent exceeds maximum limit but my question is whether house is covered in the section 194 I or any definition of the section or the payment will be treated as perquisites. payment is made directly to land lord of behalf of employee.

House is used for the residential purpose of VP of company. As per Auditors tds is to be deducted u/s 194I and we are treating it as pewrquisites
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
11 June 2010 YES, TDS WILL BE DEDUCTED FOR SUCH RENT. YOU ARE PROVIDING RENT-FREE-ACCOMDATION TO EMPLOYEE AND TREATING IT PERQUISTIES , CORRECT, IT IS OK.
BUT BASICALLY IT IS RENT PAID BY YOU TO ANY PERSON WHICH IS EXCEED THE MAXIMUM LIMIT OF SECTION 194I. YOU HAVE TO DEDUCT TDS AND DEPSOITED THE SAME.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details