Warehouse rental income taxation
This query is : Resolved
10 August 2012
My client given warehouse on rent @ Rs. 25000/- p.m.. What is the tax liablity as per income tax act.
10 August 2012
hi warehouse rent attracts TDS u/s 194i ,however one must deduct TDS excluding service tax @10 percent
10 August 2012
Rental income is taxable under the head Income from Other Sources.
10 August 2012
hi,
the tax liability in hands of client-
taxable under other sources at normal slab rates
2. in the hands of payer- he must deduct TDS and remit the amount of rent
the tax liability in hands of client-
taxable under other sources at normal slab rates
2. in the hands of payer- he must deduct TDS and remit the amount of rent
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- ITR returnFY25-26
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
