Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

EASYOFFICE

EASYOFFICE

TDS Deduction

rafeeq mohamed (2 Points)

26 September 2019

TDS Applicable for Rent advance payment ?

Reply
Follow
Share

6 Replies

Hareesh (Job) (93 Points)
Replied 26 September 2019

Yes.Tds applicable on rent advances

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 27 September 2019

No... TDS not applicable for "Rental Advance"

In case rent paid will be pay advance mode then yes tds should be applicable as per monthly payment/calculations...

Kapadia Pravin (17259 Points)
Replied 27 September 2019

TDS under 194I is applicable ---- (to other than individual - not under 44AB audit)

At the time of credit of such income to the account of the payee or at the time of payment, whichever is earlier.

Provided that no deduction where the amount of such income or, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year to the payee, does not exceed 240000/-

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 27 September 2019

Ohhh no...
Rental advance is not income/expense TDS not applicable...

Hareesh (Job) (93 Points)
Replied 27 September 2019

If rental advance is adjusted against rent , then TDS applicable.otherwise TDS not applicable.

Upgrade to CAclubindia Pro. Subscribe Now!

Kapadia Pravin (17259 Points)
Replied 27 September 2019

In addition to my above reply -

TDS must be deducted, if the rental advance is non-refundable and is to be adjusted in the future.

1 Like

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

GST Live Certification Course (40th Batch)(With Certificate)

Industry Expert

Enroll Now

17 November 2024
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India

Mr.Balamurugan Ranganathan

Enroll Now

08 November 2024
Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

05 November 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings