APPLICABILITY OF T.D.S U/S 194-I
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2010
One of my client has two units of Partnership firm. Rent is being paid in One Unit = Rs.100000 and in other one also Rs.100000. Books are being prepared separately. Please clarify whether T.D.S u/s 194-I is to be deducted or not.
17 March 2010
TDS HAS TO BE DEDUCTED U/S194I AS THE PAN OF TWO UNITS MUST BE SAME.
SOURCE OF INCOME UNDER THAT PAN IS RS.200000/- AND HENCE TDS TO BE DEDUCTED ON RS.200000/- U/S194I AT PRESCRIBED RATE.
REGARDS
SOURCE OF INCOME UNDER THAT PAN IS RS.200000/- AND HENCE TDS TO BE DEDUCTED ON RS.200000/- U/S194I AT PRESCRIBED RATE.
REGARDS
17 March 2010
paid more then Rs. 1,20,000/- in one year to one firm attract sec. 194I
17 March 2010
TDS Rules is stick to Amount not any specific field in that means your payment of rent is over Rs.1,20,000/- so as per u/s 194I TDS applicable.
17 March 2010
Rent paying More than Rs.120000/- is TDS applicable
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