We have paid One Gust House Rent Rs. 5000/- P.M. to Mr. X
Please suggest us can we deduct TDS.
niloy sanyal (account manager) (777 Points)
25 May 2011We have paid One Gust House Rent Rs. 5000/- P.M. to Mr. X
Please suggest us can we deduct TDS.
Ashish Chhawchharia
(Chief Manager Finance)
(38 Points)
Replied 25 May 2011
Since the montlhy rent is not more than the limit prescribed as per section 194 I of income tax act, the tds need not be deducted on rent payments. However if it exceeds the prescribed limit the tds U/s 194 I is applicable on the same
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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