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 | ||
 |
IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000 BUT IF IT EXCEEDS 180000 THAN TDS IS MUST |
 |
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 | ||
|
|
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 |
|
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
