MY client has deducted TDs on rent for FY 21-22 .on18/4/2022
is he pay any interest if he deposited the same within one week
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TDS ON RENT since the rent exceeds RS.50000
Replies (12)
Not required if it is deducted on the March Rent..
When was the March rent paid ?
When was the March rent paid ?
On interest is payable if TDS belongs to march month only as last day of payment for march month TDS is 30 april 2022.
What's the rent per month?
But generally the rent is upgraded every eleven month conventionally.
But generally the rent is upgraded every eleven month conventionally.
But Section 194IB is relevant in this case and Tds has to be deducted once in a year for Form 16C purposes
I do not think so.
Read form 16C rules and Tds on rent for non audit cases
He is paying whole year rent for 21-22 FY
in April 22. shall he liable to pay interest
on tds
in April 22. shall he liable to pay interest
on tds
It's not whole year rent but Whole year Tds on rent ..
Read 194IB once
Read 194IB once
Yes. whole year TDS. FOR 21-22 FY
INTEREST APPLICABLE
INTEREST APPLICABLE
As per 194IB whole year has to be deducted while paying rent for March .
So if March month rent paid in April then deadline is 30.05.2022 .So no internet is applicable and 15th June will be deadline for Form 16C..
There will be 30days time from the end of the month in which Tds is deducted ..
Read 194IB and form 16C rules
So if March month rent paid in April then deadline is 30.05.2022 .So no internet is applicable and 15th June will be deadline for Form 16C..
There will be 30days time from the end of the month in which Tds is deducted ..
Read 194IB and form 16C rules
March month rent paid in April. Generally interest is not applicable.
194IB , Tds on rent is completely different..Entire Tds will be paid in oneshot
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