If any propertier of business want any house for rent purpose then how can he make payment
Can he pay rent from from
Or
Pay individually
If its not utilized for business purpose, pay it from personal/savings account & not from business/current account.
BTW.... Has he obtained TAN? or is he liable for deduction of TDS as per his preceding year turn over?
If not? no need to deduct unless rent is Rs. 50,000/- pm or more..
If yes, need to deduct TDS if rent is Rs. 20,000/- pm or more...
Whatever be the payment mode...
CAclubindia
