TDS ON RENT PAID FOR A CAR
This query is : Resolved
01 April 2009
AT WHAT RATE AND UNDER WHAT SECTION SHOULD TDS BE CHARGED ON THE MONTHLY FIXED RENT PAID FOR THE USE OF CAR BY A COMPANY.
01 April 2009
please clarify question clearly, i means rent paid is coporate assessee or individual assessee !
then i can tell u about the rates
then i can tell u about the rates
01 April 2009
rent is paid by a co. to an individual.
it is more than 120000 in a year.
if the person receiving the rent is the wife of CEO wud the related party clause come into effect??
it is more than 120000 in a year.
if the person receiving the rent is the wife of CEO wud the related party clause come into effect??
01 April 2009
how would the use of car i.e. for personal or official purpose effect the tax structure??
01 April 2009
if amount of total rent exceeds 120000 than u r required to deduct tds u/s 194 I
and rate will be basic 11.33% if surcharge is applicable and 10.3% without surcharge
and rate will be basic 11.33% if surcharge is applicable and 10.3% without surcharge
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