Menu
TDS clarification for rental?
Rental for furnitures and fixtures& Fittings Taxable TDS applicable.ad per sec 194I.Limit per annum 240000/- must dedect for TDS.But,Single bill 30000/- above applicable for rental TDS or Not?
Replies (5)
Quick Summary
If it's exceeds 2.4lacs then only you need to deduct Tds.There is no single payment concept in 194I for tax audit cases.
For non tax audit cases only 50k single payment limit per month is applicable
For non tax audit cases only 50k single payment limit per month is applicable
Thank you very much sir.
It's advisable if the single contract exceeds Rs.2.4 lacs otherwise not.There are other conditions like if the same agency enters in many different contract under different orders, then it is also required.
TDS Deduction is Not Required in Your Case.
Not required to deduct any Tds
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
