Dear Seniors,
If One employee is not providing his landlord's PAN number as well as No PAN declaration, and actual rent paid by him is above 1 lakh, what needs to be done ?
Since this is NO PAN / NO Declaration submitted case, simply take into tax Or, can consider/treat 1 lakh as his actual rent and calculate his tax accordingly??
Please suggest.
Menu
Hra exemption
Replies (1)
First of all,this is not a case of H.R.A.Furthur no T.D.S on H.R.A and this is profits in lieu of salary to employee. Generally rental agreement is between employee and Landlord and employer may pay rent directly to land lord.The nature of expenditure to Company is salary and to employee is rent.So liability to deduct T.D.S will be on employee if he has a business and turnover exceed limits specified under section 44AB.Furthur liability to deduct T.D.S will be in case where rent paid exceed rs180000,so no need to deduct T.D.S
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
