TDS-rent on a temporary stay
This query is : Resolved
Quick Summary
31 May 2022
Dear Friends,
A Pvt Ltd. pays rent to an individual for temporary stay of its executive as under:
May 15, 2022 Rs 30000 for two weeks
May 31, 2022 Rs 30000 for two weeks
July 1, 2022 Rs, 30000 then for two weeks
Total 90,000 for 6 weeks.
Is A Pvt Ltd is required to deduct TDS on the above payments.
A Pvt Ltd. pays rent to an individual for temporary stay of its executive as under:
May 15, 2022 Rs 30000 for two weeks
May 31, 2022 Rs 30000 for two weeks
July 1, 2022 Rs, 30000 then for two weeks
Total 90,000 for 6 weeks.
Is A Pvt Ltd is required to deduct TDS on the above payments.
31 May 2022
In my opinion, no TDS is required to be deducted u/s 194I because the rent is less than Rs. 240000.
However, the stay is more contractual, so provisions of 194C may get attracted.
However, the stay is more contractual, so provisions of 194C may get attracted.
31 May 2022
Support the above observation except 194C (post amended w e f 1-10-2019).
01 June 2022
Thanks to ll. I don't think sec 194-C is applicable here.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- GST not cancelled by tenant
- DIN reactivation
- Invertaded duty struture
- Capital gain on sale and purchase of plot
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
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
