TDS on Rent u/s 194I
This query is : Resolved
21 March 2011
In case of one client, the client when he entered into rent agreement has given a interest free deposit(equivalent to 6 months)which was 5 years before. Now the client from Oct 2010 is not paying the rent but he adjusting it against the deposit, by debiting the rent A/c & crediting the deposit A/c. Should TDS on rent be deducted?
21 March 2011
yes tds would be deducted
21 March 2011
Yes, since 194I has to be applied either at the time of credit or at the time of payment which ever is earlier.
21 March 2011
please check also that tds has not been deducted on deposit at time of received of deposit (Adjustable Security)
21 March 2011
Navin Ji has referred the circular 718 dated 22/8/1995.
21 March 2011
Thanks sir Ji, I request to u please donot mentioned the word ji after my name.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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
