Tds on hotel rent bill
This query is : Resolved
25 February 2012
DEAR SIR OUR CO HAS BEEN PAID RENT TO VARIOUS HOTEL DURING OUR EMPLOYEE TOUR FOR ROOM RENT AND CONSOLIDATE HOTEL BILL RECEIVED WITH LODGING AND BOARDING CHARGES. IS TDS WILL BE DEDUCETD ON THESE BILL AND UNDER WHAT SECTION IT WILL BE DEDUCTED
25 February 2012
Should the payment to a single person exceed the limit of rs.180000 in a year then tds to be deducted @ 10% u/s 194I
25 February 2012
According to me it will be deductible u/s 194c. because u will claim this expenditure as office exp. or conveyance exp. or business promotion exp. as u can not charge this exp. as rent exp.
second thing u can not deduct tds on rent because, there is no relation between owner or tenant.
second thing u can not deduct tds on rent because, there is no relation between owner or tenant.
25 February 2012
I would beg to differ from the view of Mr.Hardik for the reason being that though the accounting be made under any ledger head, "SUBSTANCE OF FORM" insists that the real payment is made towards rent and 194I shall be more appropriate and conservative approach as the TDS shall be deducted at a higher rate.
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?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- Should I report my US salary for January, February, March in Schedule FA?
- 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
