Dev K Sharma (Learning Thru Experience) (157 Points)
04 June 20111. If a company is Paying Rent (Rent on Building) 94I of Rs. 25000/- per month and deducting TDS @ 10% monthly....
2. On the otherhand the company has given a part of the premises to other Firm @ 15000/- (rent & electricity) combined per month.
3. Is Firm also required to deduct TDS on rent paid????? ( As Threshold limit is Rs. 180000/- per annum)
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 04 June 2011
IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000
BUT IF IT EXCEEDS 180000 THAN TDS IS MUST
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 04 June 2011
| Originally posted by : future ca | ||
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IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000 BUT IF IT EXCEEDS 180000 THAN TDS IS MUST |
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Correct.
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 04 June 2011
IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000
BUT IF IT EXCEEDS 180000 THAN TDS IS MUST
CA,CMA,CS Karan Gogia
(Employed)
(230 Points)
Replied 06 June 2011
agree with you all....TDS u/s 194I doest diffrentaite b/w orginal letting and sub letting....
Rup Kumar
(finance manager)
(288 Points)
Replied 06 June 2011
TDS U/S 194 I Can be decucted only if it exceeds Rs. 1,80,000. So in the given case no TDS is to be deducted.
Sumit Raj
(CA in Practice)
(42 Points)
Replied 10 June 2011
| Originally posted by : Rajnikant Vadigoppula | ||
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IN THIS CASE FIRM WILL NOT DEDUCT TDS BECAUSE GROSS AMOUNT IS EXACTLY 180000 BUT IF IT EXCEEDS 180000 THAN TDS IS MUST truely correct i agree with future CA |
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CAclubindia
