banner_ad

TDS on Rent

369 views 7 replies
User Avatar

82 Points Posted on 12 September 2018

if a shop is in under audit, and paying rent 30000/- pm but not by chaque by cash only than their is any need to deduct tds in that case pls sugges.

Reply Share Follow
On 12 September 2018 at 22:14 Report
Replies (7)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 12 September 2018
Tds deductible. But, the said expenses disallowed under it act as Cash payment exceeding 10k...
463 Reply
On 12 September 2018 at 22:27
User Avatar

82 Points Posted on 12 September 2018
yes that is.confusion thet the amt is more than 10k in cash so whether tds is deductable or not.
thank you.
Reply
On 12 September 2018 at 22:35
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 12 September 2018
TDS deductible is must as its your liabilities. So, Deduct TDS.
463 Reply
On 12 September 2018 at 22:37
User Avatar

student
54 Points Posted on 12 September 2018
TDS is deducted under section 194 I on payment basis and not on mode of payment. hence tds is deducted at 10% in this case
Reply
On 12 September 2018 at 22:39
User Avatar

Accounts Assistant
28 Points Posted on 12 September 2018
make partial payment to landowner i.e 10,000×3
and deduct TDS when payment cross 1,80,000
Reply
On 12 September 2018 at 22:44
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 12 September 2018
It's not applicable.. .. ..
463 Reply
On 12 September 2018 at 22:45
User Avatar

12244 Points Posted on 12 September 2018
if rent is paid in cash, sec 40A(3) attracts, and if TDS not deducted sec 40a(ia) attracts
35 Reply
On 12 September 2018 at 23:12


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details