Regarding section 194i
This query is : Resolved
12 December 2015
Sir till august company is under no obligation to deduct tax under section 194I as rent amount was within the limit of Rs. 180000/- but from August the threshold limit crosses and company is under obligation to deduct TDS.
My question is whether TDS to be deducted on amount of rent paid from August or on full amount of the year.
And if on full amount then interest to be paid on delay deduction.
Thanks
My question is whether TDS to be deducted on amount of rent paid from August or on full amount of the year.
And if on full amount then interest to be paid on delay deduction.
Thanks
12 December 2015
TDS Should be deducted for Whole Amount U/s 194I Building & Furniture @10% & Plant & machinery @2%.
12 December 2015
and what about Interest on late deduction of tax.
Thank You
Thank You
12 December 2015
1.5% per Month will be paid otherwise it will be showed in your 26AS as TDS Default.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- 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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
