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
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Rent (proprietor)
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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