Subscribe to CCI PRO and support your CAclubindia community. Click Here!

TDS Applicability on Rent to KINFRA

Tijo Baby (1 Points)

24 February 2025

TDS Applicability on Arrears of Rent to KINFRA

Reply
Follow
Share

1 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (8040 Points)
Replied 24 February 2025

TDS (Tax Deducted at Source) applicability on arrears of rent to KINFRA (Kerala Industrial Infrastructure Development Corporation) depends on certain conditions:

Conditions for TDS Applicability 1. *Rent amount exceeds threshold limit*: If the annual rent paid to KINFRA exceeds ₹2,40,000, TDS is applicable.

2. *KINFRA is the recipient of rent*: As KINFRA is the recipient of rent, they should provide their PAN (Permanent Account Number) to avoid higher TDS rates.

3. *Nature of payment*: TDS is applicable on rent payments, including arrears, made to KINFRA. TDS Rates - 10% of the rent amount, if the recipient (KINFRA) provides their PAN. - 20% of the rent amount, if the recipient does not provide their PAN. Compliance - The payer (you) should deduct TDS on the arrears of rent paid to KINFRA, if applicable. - File Form 26Q (TDS return) quarterly, providing details of TDS deducted and deposited. - Issue Form 16A (TDS certificate) to KINFRA, showing the TDS deducted and deposited.

Upgrade to CAclubindia Pro. Subscribe Now!

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)

Mr.Balamurugan Ranganathan

Enroll Now

16 June 2025
Guide to UAE Corporate Tax Return filing (3rd Live Batch)

CA Mohd Asim

Enroll Now

14 June 2025
Professional ITR Preparer Course

Saniya Mushrif

Enroll Now

31 May 2025

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings