Tds on rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2014 whether tds is required to payment on rent of Rs. 5000000 by a partnership firm filing return u/s 44AD for the f/y2012-13

CS,CA F,Numrologi TusharSampat (Expert)
Follow

21 July 2014 yes under sec 194-i as it has crossed the threshold limit.

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2014 But we are filled the return u/s 44AD then liable to tax deduct ?

CS,CA F,Numrologi TusharSampat (Expert)
Follow

21 July 2014 tjat doesnt matter whether u opt for 44ad or not if tds is deductible then u need to deduct tds.

CMA. CS. Sanjay Gupta (Expert)
Follow

21 July 2014 TDS required to be deducted in the given case. Partnership firms are required to deduct irrespective of Tax Audit applicability.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess