Tds on rent
This query is : Resolved
03 May 2018
Sir/Mam,
If Rent Crossed Rs. 50,000/-above TDS to be Deduct, if we want pay challan monthly or yearly and also filing yearly or monthly please clarify these doubts
Thanking you
If Rent Crossed Rs. 50,000/-above TDS to be Deduct, if we want pay challan monthly or yearly and also filing yearly or monthly please clarify these doubts
Thanking you
03 May 2018
As per the newly inserted section 194IB, if any individual or HUF makes payment for Rent being Rs.more 50 thousands then he is liable to deduct TDS on the entire sum in the month earlier of :-
If tenant vacates the house then in the month when he is vacating and
Every March month of the year
whichever is earlier.
There is no exemption to the Individual and HUF who are not covered in Tax audit u/s 44AB of the Act also.
If tenant vacates the house then in the month when he is vacating and
Every March month of the year
whichever is earlier.
There is no exemption to the Individual and HUF who are not covered in Tax audit u/s 44AB of the Act also.
03 May 2018
TDSis to be deducted once in a year only and deposition will be as similar to other TDS deposition.
04 May 2018
sir,
Thank u for your reply but I am having doubt so we have to deduct tax every month and deposit before 7th of every month or totally pay at march please clarify
Thanking you
Thank u for your reply but I am having doubt so we have to deduct tax every month and deposit before 7th of every month or totally pay at march please clarify
Thanking you
04 May 2018
Dear Archana,
You can pay the entire amount in March, unless the tenancy ends during the course of Financial Year.
The challan cum return statement in Form 26QC needs to be filed annualy
You can pay the entire amount in March, unless the tenancy ends during the course of Financial Year.
The challan cum return statement in Form 26QC needs to be filed annualy
Message likes :
1 times
04 May 2018
Thank your for your reply Mr. Ankit form 26QC available in Traces, what is the procedure to file this
04 May 2018
You will get Form 26QC in Challan cum Return form from the following link
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
