TDS ON RENT
This query is : Resolved
04 August 2010
A Company take a flat as guest house and paid rent 12000 pm. And the receiver is a individual. Does the company liable for deducting TDS.
04 August 2010
Since the Annual Limit is less than Rs.180000 thershold limit so no need to deduct TDS
Message likes :
1 times
04 August 2010
TDS to be deducted u/s 194I.
Threshold limit till 30.06.2010 Rs.120000/- p.a.
From 01.07.2010 it is Rs.180000/- p.a.
For details mention date of payments and period for which paid.
Threshold limit till 30.06.2010 Rs.120000/- p.a.
From 01.07.2010 it is Rs.180000/- p.a.
For details mention date of payments and period for which paid.
Message likes :
1 times
04 August 2010
we take the flat from 1 april 2010 and paid rent 12000 pm. on which we have not deducted TDS. as the limit increased to 180000. Does we liable to deduct TDS.
04 August 2010
For 1st 3 months deduct TDS on Rs.36000/- @ 10% i.e. Rs.3600/- (If PAN provided by deductee otherwise 20%)
After that TDS deduction is not required.
After that TDS deduction is not required.
Message likes :
1 times
04 August 2010
NOW DEDUCT THE TDS AS PER SANJAY JI AND DEPOSIT IT WITH INTEREST AND REVISED E-TDS RETURN OTHERWISE THE EXPENSE OF RENT FOR 3 MONTH WILL BE DISALLOWED TO YOU AT THE TIME OF COMPUTATION OF TAX LAIBILTY.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- Copyright software
- Multiple trade mark
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY....../
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
