Shop rent tds
ABHI KUMAR (710 Points)
25 December 2020
turnover 1.5 cr shop rent 2.56 lac per year tds appliclibilty yes or not?????
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 December 2020
Section 194i is applicable
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 26 December 2020
TDS on rent is applied under section 194 I
provisions are like
if you are liable for audit in previous year then you are liable to deduct tax.
if you were not liable for audit in previous year then no need to deduct tax.
PY for audit here is 2018-19. so if you were liable for audit in previous year 2018-19, then only you have to deduct TDS otherwise no req.
provisions are like
if you are liable for audit in previous year then you are liable to deduct tax.
if you were not liable for audit in previous year then no need to deduct tax.
PY for audit here is 2018-19. so if you were liable for audit in previous year 2018-19, then only you have to deduct TDS otherwise no req.
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