Micheal Walter (Nil) (35 Points)
10 December 2024Respected Sir,
Our Society will undergo renovation and the Developer will provide compensation for Rent and other expenses incurred to each member.
Will this compensation of Rent for the temporary accomodation be subject to TDS?
Kindly guide.
Thank you
Sincere Regards
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5616 Points)
Replied 10 December 2024
However, in your case, the compensation is for temporary accommodation due to renovation.
Conditions for Exemption To qualify for exemption, ensure:
Documentation and Reporting Although TDS is not applicable, it's essential to:
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(179901 Points)
Replied 10 December 2024
The compensation for rent is exempt up to the limit of actual payment of temporary rent.
Micheal Walter
(Nil)
(35 Points)
Replied 10 December 2024
Respected Sir,
Thank you. Noted all the points.
Sincere Regards
Micheal Walter
(Nil)
(35 Points)
Replied 10 December 2024
Respected Sir,
Thank you. Noted all the points.
Sincere Regards
6 days Certification Course on GST Practical Return Filing Process
CAclubindia
