Whether Renting of Tata Hitachi for Agricultural purpose will be treated as supply of Agro Mahcinery SAC 9986 and hence the rent charges will be exempt or it is taxable?
Menu
RENTING OF TATA HITACHI LIABLE TO GST
Replies (2)
Quick Summary
Introduced by the Finance Act, 1994, the Section 194I states that any person, whether an individual or HUF who receives rent as income is liable for a tax deduction at source when the income credited is more than Rs.1,80,000 in the financial year. The limit is increased from Rs.1,80,000 to Rs.2,40,000 For FY2019-20. There is no surcharge unless the amount is more than Rs.1 crore. Rent paid to a government body/agency, its exempt from TDS.
Sir Pl tell the details in point of GST whether ITC available or not and it is taxable or not
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
