Tds U/s 194I
This query is : Open
24 September 2017
Sir
We have registered a partnership firm in July 2017 and paying rent for amounting Rs 50000/- Pm.... Kindly advise whether we required to deduct tds or not.....
24 September 2017
No need...
If your firm is newly started. When you reach your turn over 1cr then you can deduct TDS on everything...
Also you can deduct TDS on next FY (18-19)
25 September 2017
Yes. You are correct... I'm also wrongly meaning it...
Partnership firm can be deduct TDS. You ll deduct TDS on Rent....
25 September 2017
TDS has to be deducted in the above case u/s 194I @ 10%.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
