TDS on residential flat_TAN number
This query is : Resolved
04 November 2023
Dear Experts,
An individiual having business income and having TAN number (since turnover crossed 1 CR last year) is paying rent more than 50k per month for residential purpose
In this case , is he liable to deduct 5% tds under section 194IB or 10% tds under section 194I since he is already having TAN
Please advice
Regards,
An individiual having business income and having TAN number (since turnover crossed 1 CR last year) is paying rent more than 50k per month for residential purpose
In this case , is he liable to deduct 5% tds under section 194IB or 10% tds under section 194I since he is already having TAN
Please advice
Regards,
05 November 2023
10% tds under section 194I since he is already having TAN
05 November 2023
Thanks sir!
In that case this transaction to be included in monthly tax payment and quaterly TDS returns even if personal in nature? Also in that case form 16a will be generated or form 16c?
Please advice
In that case this transaction to be included in monthly tax payment and quaterly TDS returns even if personal in nature? Also in that case form 16a will be generated or form 16c?
Please advice
05 November 2023
Yes, you are right. 16a applicable.
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