hi experts
one of my client is paying 20,000 Rs office rent. but the land is registered joint ownership,even property and municipal tax payment also paid jointly in this case my client needs to be deducted the TDS while rent payment or not deducted the TDS. as per owner verbal communication both the owner of this property has showing this rent income as half -half in their IT return.in
this case the limit is not crossed of TDS
on rent. please advise us
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TDS on building rent query
Replies (7)
As per TDS on rent - Section 194IB, the limit still stands as per the annual rent amount of more than Rs.2,40,000.
As the same is not exceeded, no need to deduct TDS.
Thank you so much
You are welcome.
Hi experts,
one of my client is running a private company and MD of this company is regularly traveling for business. for travelling air ticket booking from BIT (Bharath international traveller) the BIT giving the invoice for air ticket and that invoice they have mentioning ticket fare and management fee and GST on management fee all put together. once we received the invoice we have accounted the bill in the name of BIT and subsequently we are paying the invoice value to BIT. my question is here the BIT giving the bill and in that bill they have mentioned air ticket fare and his fee,while accounting we have taken the bill value that has to be pay to BIT in this case if we have deduct the TDS on Invoice value or not? please suggest me.
one of my client is running a private company and MD of this company is regularly traveling for business. for travelling air ticket booking from BIT (Bharath international traveller) the BIT giving the invoice for air ticket and that invoice they have mentioning ticket fare and management fee and GST on management fee all put together. once we received the invoice we have accounted the bill in the name of BIT and subsequently we are paying the invoice value to BIT. my question is here the BIT giving the bill and in that bill they have mentioned air ticket fare and his fee,while accounting we have taken the bill value that has to be pay to BIT in this case if we have deduct the TDS on Invoice value or not? please suggest me.
You should account separately, as air fair/ ticket expenditure & BIT service charges, so that TDS liability will involve only over service component.
Thank you sir, even i also suggested the same ,but thanks your suggestion
Most welcome.
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