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Shop rent tds
turnover 1.5 cr shop rent 2.56 lac per year tds appliclibilty yes or not?????
Replies (5)
Quick Summary
Section 194i is applicable
Ok thanks sir
Welcome
TDS on rent is applied under section 194 I
provisions are like
if you are liable for audit in previous year then you are liable to deduct tax.
if you were not liable for audit in previous year then no need to deduct tax.
PY for audit here is 2018-19. so if you were liable for audit in previous year 2018-19, then only you have to deduct TDS otherwise no req.
provisions are like
if you are liable for audit in previous year then you are liable to deduct tax.
if you were not liable for audit in previous year then no need to deduct tax.
PY for audit here is 2018-19. so if you were liable for audit in previous year 2018-19, then only you have to deduct TDS otherwise no req.
Ok thanks dats was confusion now clear
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