TDS on rent paid by a doctor
This query is : Resolved
22 February 2025
is a doctor liable to deduct tds if he pays rent for his clinic?
22 February 2025
Depends upon his turnover in preceding FY and also on rent amount.
22 February 2025
Sir, do you mean that if he comes under the audit he has to deduct TDS? or if the turnover exceeds 50Lac he has to deduct TDS? what should be considered?
22 February 2025
If turnover in preceding year exceeds 50 lakhs TDS deduction is compulsory.
Secondly it also depends on rent amount. According to Section 194IB, it is mandatory for any person, i.e., individuals / HUF who is not liable to audit u/s 44AB, to deduct TDS for rent paid to a resident exceeding Rs 50,000 per month.
Secondly it also depends on rent amount. According to Section 194IB, it is mandatory for any person, i.e., individuals / HUF who is not liable to audit u/s 44AB, to deduct TDS for rent paid to a resident exceeding Rs 50,000 per month.
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
- TDS in case of Inoperative PAN under Section 192A
- Rental income to a Propreitor
- Appointment of auditor for a charitable trust
- IGST of Feb 23, Can we claim ITC now?
- How to reclaim rent paid on behalf of a registered person?
- GST order u/s 73
- RCM on Commercial Godown
- GST on Transport of Exempted Goods
- Transfer of ITC after death of proprietress
- LTCG exemption - sale of property
- Articleship Registration 2024
- Trust Audit filling
- Delay condonation of audit report of a trust
- Credit Note Issue in GST
- GST Self Invoicing
- Filing GST Returns after death of proprietor
- ITC reversal FY 2023-24
- GPA as proof of principal place in GST
- Regarding E way bill password reset-urgent please
- Professional tax on Employees can file Monthly or yearly
Trending Online Classes
CAclubindia
