Tds on rent

561 views 14 replies
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
Replies (14)

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...

@ Mr Anshul Tiwari.,

Your query is not cleared...

Are you taken the House for Business purpose or Residential purpose...??
House for business purpose rent around 1 lakh per month
Assessee liable to deduct Tds on rent @ 10% under sec 194I.
Deduct TDS u/s 194I @ 10%
TDS @ 10% under 194I is required to be deducted on rent payment ( amount of rent in aggregate exceeding 240000/- in FY) ) ...........

.......BUT ONLY WHEN individual proprietor was subjected to 44AB audit during the FY immediately preceeding the FY in which such tent is credited or paid.

Otherwise TDS @ 10% under 194I is not at all applicable to individual proprietory assessee.

-----
Reply - simply deduct .... without support .. ??? isn't it confusing ?
Ha ha ha ha ha...

I think You are Happy after criticize to me... right...? If not I'm very sorry. Better to try more more criticize to make happy Yourself...

I'm waiting...
I am sure yesterday you must have felt happy time after you blasted sceptically.

But nobody got any fun from that funny post .
I don't know what are you ?
Practice at home what you wrote yesterday. Now don't waste my time and do ha ha ha @ home.
Ohhh... yesterday and today...
Good keep it up...

Enjoy with yesterday's all my reply to You...
I am least bothered for your stuff. . You keep feeling happy in twisting.

keep on criticizing.

And do ha ha ha at HOME. Don't forget this.
This will give more energy to criticize .
Thanks for the Tippu baby...
Whose name of your family is it ?
Ha ha ha karna humm
( Whose name of your family is it ? )

Super... Enjoy.

Your knowledge (& caption as CA Practice) and professional is very well to other person's home...

Enjoy Good Luck...

If You think to criticize to me that only to me. not say or call home...
I don't no what are you

It's blank. ??? Continue your salvo.

Keep up ha ha ha at home.

Njoy tonight .

Share your joy at home.

Return fully charged. Bye


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register