TDS on Rent u/s 194I
This query is : Resolved
21 March 2011
In case of one client, the client when he entered into rent agreement has given a interest free deposit(equivalent to 6 months)which was 5 years before. Now the client from Oct 2010 is not paying the rent but he adjusting it against the deposit, by debiting the rent A/c & crediting the deposit A/c. Should TDS on rent be deducted?
21 March 2011
yes tds would be deducted
21 March 2011
Yes, since 194I has to be applied either at the time of credit or at the time of payment which ever is earlier.
21 March 2011
please check also that tds has not been deducted on deposit at time of received of deposit (Adjustable Security)
21 March 2011
Navin Ji has referred the circular 718 dated 22/8/1995.
21 March 2011
Thanks sir Ji, I request to u please donot mentioned the word ji after my name.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- Multiple trade mark
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
