Tds on Rent
Rajkiran Ghosh (480 Points)
03 June 2018
under sec 194 IB for Tds on rent the tds amount will be deducted monthly??? plz reply me
6 Replies
Nihar Ranjan Rout
(CA Final & CS Final)
(577 Points)
Replied 03 June 2018
In the last month only. Or else you can opt for 194I
Rajkiran Ghosh
(480 Points)
Replied 03 June 2018
that means tds on rent deduction on monthly basis under sec 194 IB???? plz reply me
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 03 June 2018
TDS u/s Section 194IB
TDS to be deducted on last month of the previous year or the last month of tenancy.
TDS u/s section 194I
TDS to be deducted Monthly
TDS to be deducted on last month of the previous year or the last month of tenancy.
TDS u/s section 194I
TDS to be deducted Monthly
Rajkiran Ghosh
(480 Points)
Replied 03 June 2018
last month of the previous year means in whloe financial year tds will be deducted only rs 60000 at one time????plz reply sir
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 03 June 2018
Period of tenacy 12 month
Rent payable 50000 p.m.
TDS deduction U/S 194IB @ 5%
Apr to Feb pay 50000/-
March month 50000-30000=20000/-
(30000 tds deducted last month of the previous year)
Rent payable 50000 p.m.
TDS deduction U/S 194IB @ 5%
Apr to Feb pay 50000/-
March month 50000-30000=20000/-
(30000 tds deducted last month of the previous year)
Recent Topics
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
Related Threads
CAclubindia
