TDS ON Rent to local authority
This query is : Resolved
07 February 2022
Dear sir,
kindly advise, while paying rent under sec 194 I to panchayath, local authorities
what rate is applicable or if it is exempted - which documents to be collected, before payment
kindly advise, while paying rent under sec 194 I to panchayath, local authorities
what rate is applicable or if it is exempted - which documents to be collected, before payment
07 February 2022
IN THE CASE OF LOCAL AUTHORITIES AND STATUTORY AUTHORITIES..... REFERRED TO IN SEC. 10(20A/10(20), THERE WILL BE NO REQUIREMENT TO DEDUCT TAX AT SOURCE FROM INCOME BY WAY OF RENT IF THE PERSON RESPONSIBLE FOR PAYING IS SATISFIED ABOUT THE TAX EXEMPT STATUS UNDER CLAUSE (20) AND (20A)OF SECTION 10 ON THE BASIS OF A CERTIFICATE TO THIS EFFECT GIVEN BY THE SAID AUTHORITIES .
08 February 2022
TDS not applicable on local authorities and government authorities.
No need for any certificate.
As per Section 196 of Income tax act, 1961, no deduction of tax shall be made by any person from any sums payable to—
1. Government (i.e. State and Central Government)
No need for any certificate.
As per Section 196 of Income tax act, 1961, no deduction of tax shall be made by any person from any sums payable to—
1. Government (i.e. State and Central Government)
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
