1. If a company is Paying Rent (Rent on Building) 94I of Rs. 25000/- per month and deducting TDS @ 10% monthly....
2. On the otherhand the company has given a part of the premises to other Firm @ 15000/- (rent & electricity) combined per month.
3. Is Firm also required to deduct TDS on rent paid????? ( As Threshold limit is Rs. 180000/- per annum)
IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000
BUT IF IT EXCEEDS 180000 THAN TDS IS MUST
agree with above ans
| Originally posted by : future ca | ||
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IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000 BUT IF IT EXCEEDS 180000 THAN TDS IS MUST |
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Correct.
IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000
BUT IF IT EXCEEDS 180000 THAN TDS IS MUST
agree with you all....TDS u/s 194I doest diffrentaite b/w orginal letting and sub letting....
TDS U/S 194 I Can be decucted only if it exceeds Rs. 1,80,000. So in the given case no TDS is to be deducted.
| Originally posted by : Rajnikant Vadigoppula | ||
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IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000 BUT IF IT EXCEEDS 180000 THAN TDS IS MUST truely correct i agree with future CA |
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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