TDS on Rent
This query is : Resolved
09 February 2011
Sir,
If the owner is having 3 godowns and given 2 godowns to Company "A" and one godown to Company "B" on rent of Rs.70000 per godown.
On an overall income of the owner crosses more than the threshold limit of Rs.180000 for all the 3 godown, will the company liable to deduct TDS?
If the owner is having 3 godowns and given 2 godowns to Company "A" and one godown to Company "B" on rent of Rs.70000 per godown.
On an overall income of the owner crosses more than the threshold limit of Rs.180000 for all the 3 godown, will the company liable to deduct TDS?
09 February 2011
Thershold limit based on entity so need to be considered in comoanywise. no need to deduct
09 February 2011
If receipts from one payer exceeds threshold tds deduction is required. In your case receipts from both the payer is less than the threshold limit of Rs 180000/- p.a. so tds not required to be deducted.
09 February 2011
Yes Ramesh Sir is right
1. Company A total Rs. 140000
2. Company B Total Rs. 70000
No Need to deduct
1. Company A total Rs. 140000
2. Company B Total Rs. 70000
No Need to deduct
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?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- How to determine cost of acquisition of shares on De-merger or Merger
- 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
Trending Online Classes
CAclubindia
