Rent (proprietor)

A/c entries 605 views 4 replies

Hello,

 

Can a proprietor receive rent from his own business. Can he deduct his tds on rent premises and deposit against his  own pan no..

Thanks

Shriniwas

Replies (4)

No its not possible

No Sir...it is not allowed u/s 30 of income tax act,1961.

so u cant claim own rent in P&L nd as this effect there is no TDS apply.

 

no it is not possible

Thanks to all :-)

Shriniwas


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