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...
Your are not logged in . Please login to post replies
Click here to Login / Register
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
View Details
N N V Satish & Co.,
Hyderabad
CA Inter
View Details
Arpan Bohra & Co
Hyderabad
CA Inter
View Details
Krea University
Chennai
CA
View Details
ADY & CO.
New Delhi
Graduate (Any)
View Details
CCI
Pro
India's largest network for
finance professionals