tds on rent- for individual
This query is : Resolved
27 February 2008
salaried employees paying monthly rent Rs.15000/- (annual Rs.180000/-) on that amount TDS deducted or not?
sir please
sir please
27 February 2008
I WANT TO CLARIFY THAT ON SALARIED EMPLOYEE TDS SECTIONS SHALL NOT BE APPLICABLE AND HE IS NOT REQUIRED TO DEDUCT TDS ON RENT .
27 February 2008
Sorry, TDS is to be deducted by the payee only if his/ her account needs to be audited under income tax act (44AB)
hence salary employee paying Rent exceeding the basic exemption, need not deduct TDS.
hence salary employee paying Rent exceeding the basic exemption, need not deduct TDS.
28 February 2008
individual is not liable to deduct TDS on rent if he is not covered under section 44 AB
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
