I had issued a invoice for rent. - 1,08,000
they deducted the tds amount and paid the rent 1,05,840?
why they deducted the amount ?
to avoid that deduction what i have to do ?
can u explain ...PLEASE....
I had issued a invoice for rent. - 1,08,000
they deducted the tds amount and paid the rent 1,05,840?
why they deducted the amount ?
to avoid that deduction what i have to do ?
can u explain ...PLEASE....
Sir,
They are deducted TDS on Rent and deposited the same. You also claim said amount as Refund.
Dear Sir,
As per sec194I if annual rent paid is more than 180000rs then TDS deduction should be done by 10%. and if machinery then 2%
So , 108000-105840=2160 ( TDS deduction @ 2% as your case may be of renting of machinery)
If your annual income is below taxable limit then you can take certificate of non deduction or deduction as lesser rate under sec 197 from Assessing officer
Regards
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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