TDS on Rent Advance / Deposit
This query is : Resolved
24 September 2008
Dear Sir,
Our Company has taken a premises on lease @ 40000/- P M we have paid Rs.2,40,000/- as Rent Depost / Advance Rent for 6 Months @ 40000/- our auditor asks TDS should be depost on Rent Deposit / Advance Rent also please clarify waht is coorect
Our Company has taken a premises on lease @ 40000/- P M we have paid Rs.2,40,000/- as Rent Depost / Advance Rent for 6 Months @ 40000/- our auditor asks TDS should be depost on Rent Deposit / Advance Rent also please clarify waht is coorect
24 September 2008
Yes, you have to deduct TDS on advance rent as per provisions of sec.194I of Income Tax Act, 1961.
24 September 2008
Mr Goswami is correct.Pl read circular no 718 reported in 215 ITR (St) 68 for a detailed understanding.
24 September 2008
Yes, You have to deduct TDS as it has to be deducted at the time of payment or recognition of liability whichever is earlier.
24 September 2008
Dear Sirs - What would be the case if the rent advance is refundable at the time of vacating premises
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
