Rent tds
This query is : Resolved
17 September 2014
total rent paid rs. 360000 to one person rent of plant & m/c 180000, deduct 2% 3600, rest for building and deduct 18000 tds
Another 180000 paid to another person and no tds is deducted. is it right or not???
17 September 2014
why no tds is deducted ? tds u/s 194I is applicable in this case also.
17 September 2014
Rent paid to same person.
Rs 1.80 lacs for P & M
and
Rs 1.80 lacs for building.
Threshold limit of Rs 1.80 lacs is crossed since total payment u/s 194I is more than rs 1.80 lacs.
TDS should be deducted on Rs 1.80 Lacs for P & M @2%
and on Rs 1.80 Lacs for Building @10%.
Hope its clear.
Rs 1.80 lacs for P & M
and
Rs 1.80 lacs for building.
Threshold limit of Rs 1.80 lacs is crossed since total payment u/s 194I is more than rs 1.80 lacs.
TDS should be deducted on Rs 1.80 Lacs for P & M @2%
and on Rs 1.80 Lacs for Building @10%.
Hope its clear.
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
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- AS-16 Treatment of Borrowing cost for land and building
- HSN Wise Summary Reporting in GSTR-1
- TDS on Payment to Non-Resident by Resident Foreign Entity
- HOW TO CALCULATE FOOD CHARGES
- Demand due to error in 3cd
- Travel Agent Charges 5 GST without ITC. Can he raise invoice18 on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
