20 September 2014
Dear Rupesh Not necessarily 100 lacs. Its also 25 lacs for applicability of Tax Audit for professional. Plus this facility is only if the payer is Individual/HUF.
20 September 2014
Thanks a lot Experts but the rent paying is not a person and a company so the company has to deduct TDS right? & the thing is rent agreement says only 1 person's name on it.
20 September 2014
Payee is company so TDS has to be deducted. Since only one person name on agreement Rent has to be paid to him and TDS should be deducted thereon.