tds on rent
This query is : Resolved
31 May 2016
whether advance rent paid is liable to deduct tds
31 May 2016
yes, even advance rent is liable for deduction of TDS. However if the advance rent is for more than a financial year, then TDS should be deducted only on amount of rent which relates to current year
01 June 2016
LIABILITY TO DEDUCT TDS ARISES AT THE TIME OF BOOKING OF EXP OR PAYMENT WHICH EVER IS EARLIER IF LIMIT FOR DEDUCTION IS EXCEEDING.
IN CASE OF RENT THE LIMIT IS 180000 IN ONE FY.
IF RENT IS BELOW THE LIMIT NO NEED TO DEDUCT TDS
IN CASE OF RENT THE LIMIT IS 180000 IN ONE FY.
IF RENT IS BELOW THE LIMIT NO NEED TO DEDUCT TDS
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
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- DTCP approval
- Residential status for filling income tax returns in India
- Whether still royalty
- Strategic Performance Management and Business Valuation
- Appeals vs Writ court -certain doubt
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
