Tds sec 194ia & 194ib
This query is : Resolved
02 April 2015
Property in name of my grand father and he let out to bank. then bank deduct the tds under 194IA & IB as shown in 26AS AY 2014-15. i thought it was an wrong sec submitted by bank in TDS return.
Kindly suggest me if i file ITR for asking refund of TDS then department will issue a refund in such case ?
Kindly suggest me if i file ITR for asking refund of TDS then department will issue a refund in such case ?
02 April 2015
U/s 194I(a) Rent of Plant & Machinery if Exceed Rs.180000/-P.A Tds is @2%
U/s 194I(b) Rent of Land Building & Furniture if Exceed Rs.180000/-P.A Tds is @10%
If Bank Deducted Tds & Issued to Your Grand Father & If your Grand father File Income tax Declaring all Income , If TDS deducted is More than the Actual Payable , Same can be adjusted against tax payable , Excess TDS can be Claimed as Refund
U/s 194I(b) Rent of Land Building & Furniture if Exceed Rs.180000/-P.A Tds is @10%
If Bank Deducted Tds & Issued to Your Grand Father & If your Grand father File Income tax Declaring all Income , If TDS deducted is More than the Actual Payable , Same can be adjusted against tax payable , Excess TDS can be Claimed as Refund
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Suggestions required for income tax filing-software (FY 2025-26)
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
