banner_ad

Section 194i(a) of income tax

Others 417 views 3 replies
User Avatar

670 Points Posted on 28 March 2022
in 26 AS TDS was deducted u/s
194i(a) .shown.
under what head it will shown
.gross receipts was 42000.
0 Reply Share Follow
On 28 March 2022 at 09:17 Report
Replies (3)
User Avatar

CFO- at NHTF
58280 Points Posted on 28 March 2022
If it is for land or building then you can show under " Income from house property"

If it is for plant and machinery then it should be shown under IFOS.


Generally the limit for Tds on rent is 2.4lacs per annum under this section 194I(a)
Reply
On 28 March 2022 at 10:54
User Avatar

Chartered Accountant
5010 Points Posted on 28 March 2022

194I(a) is for rent on Plant & Machinery.  It can be shown either as Business Income or Other sources depending upon the nature of business of the service provider. 

1 Reply
On 28 March 2022 at 12:35
User Avatar

CFO- at NHTF
58280 Points Posted on 28 March 2022
Rent can come under Income from house property also
Reply
On 28 March 2022 at 13:41


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details