Tds on rent
This query is : Resolved
17 January 2013
A company pays a monthly rent of Rs. 20,000 with service tax @ 12.36% of rs. 2,472 i.e. total Rs. 22,472 and deduct TDS @ 10% on Rs. 20,000 i.e. Rs. 2,000 as per section 194I.
The company paid advance rent for three months with service tax of Rs. 67,416 and deduct TDS on Rs. 60,000. There was no bill received by the company and no clause was there against this advance rent. Is company is complied with Sec. 194I or not.
The company paid advance rent for three months with service tax of Rs. 67,416 and deduct TDS on Rs. 60,000. There was no bill received by the company and no clause was there against this advance rent. Is company is complied with Sec. 194I or not.
17 January 2013
if company paid advance rent and deduct TDS then it is absolutely ok
no prob.
TDS must be deducted on paid or credit whichever is earlier
so in your case company deduct TDS on paid basis.
194-I provide not to deduct TDS on service tax so TDS on 60000 is ok
no prob.
TDS must be deducted on paid or credit whichever is earlier
so in your case company deduct TDS on paid basis.
194-I provide not to deduct TDS on service tax so TDS on 60000 is ok
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 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.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
