TDS on Rent exceeding 50,000/-

This query is : Resolved

Nimitha Kundanam (Querist)
Follow

03 August 2022 Dear Sir,

Can TDS on rent be deducted monthly (as it becomes a burden on the owner if it is deducted directly yearly once) but remitting to government yearly once? or

If rent is deducted monthly should the payment and 16C should be generated every month-(12 16C's)?

Please clarify

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

03 August 2022 As the TDS is deducted every month, Form 16C should be also be filed every month.

Nimitha Kundanam

Nimitha Kundanam (Querist)
Follow

04 August 2022 Thank you sir. So you mean to say form 16C can be filed any number of times in a year. Not restricted only for filing once a year.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

04 August 2022 Though it is not restricted to once a year, but due to extra administrative work, no one deducts TDS every month.

Message likes : 1 times

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

venkanna setty

shubham agrawal

R.Prashanth

Nilesh Matekar

Jayesh Pipalwa

Subscribe Now

TDS on Rent exceeding 50,000/-

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