1)MY CLIENT WENT TO A HOSTEL AND PAID RS.40,000. WETHER TDS U/S 194C
APPLICABLE OR NOT.
2)TDS U/S 194C IS APPLICABLE FOR ALL PAYMENTS GREATER THAN 30,000 OR INTENTION OF CONTACT BETWEEN PARTIES.
Menu
194C TDS
Replies (5)
Not required,
as i) hostel is used for personal purpose
ii) hostel expenses are not covered under section 194C
for what purpose payment was made. generally hostel expenses are not covered under TDS provisions unless there is any agreement there to.
whatever payment mentioned under 194C those all are liable for tax deduction if aggregate payment exceeds 1lacs during the year or if single payment exceeds 30000 in a single payment
whatever payment mentioned under 194C those all are liable for tax deduction if aggregate payment exceeds 1lacs during the year or if single payment exceeds 30000 in a single payment
Tds not applicable for the above said fees...
TDS will not applicable on Personal nature expense.
TDS is not required to be deducted on personal nature expenses...TDS is required to be deducted by persons who are liable u/s44AB Tax audit provisions
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
