TDS ON RENT PAID BY INDIVISUAL
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2010
IF AN INDIVIDUAL PAY RENT OF RS.300000.00 TO TRUST. IS IT COMPULSORY TO DEDUCT TDS ON RENT. IF THE ACCOUNTS OF THE INDIVIDUAL IS NOT AUDITED U\S 40AB OR SALE IS LESS THAN 40.00 LACS.
AND
INDIVIDUAL DOES WANT TO CLAIM FOR THIS EXPENSES
........
IF IT IS COMPULSORY, THEN WHAT IS THE EFFECT IF DOES NOT DEDUCT.
AND
INDIVIDUAL DOES WANT TO CLAIM FOR THIS EXPENSES
........
IF IT IS COMPULSORY, THEN WHAT IS THE EFFECT IF DOES NOT DEDUCT.
14 September 2010
Individuals not covered u/s 44AB, not required to deduct TDS on their payment, so TDS deduction not required
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