Tag: tds on rent

Income Tax Department advisory to deduct and pay TDS on rent u/s 194IB under which individual/HUF are obliged to deduct if rent exceeds Rs. 50000/- per month. In order to widen the scope of tax deduction at source, the Finance Act, 2017 w.e.f. 1st June, 2017 has inserted …

TDS u/s 194-I not to apply to Passenger Service Fees (PSF) by an Airline to an Airport Operator-CBDT accepts Bombay High Court Judgment Circular No. 21/2017 F.No.  279/Misc./140/2015/ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 12th June, 2017 …

TDS on Rent us 194IB-Quarterly return Form 26QC and TDS certificate Form No. 16C notified for individuals/huf not covered under tax audit and paying rent exceeding Rs. 50000/- p.m.  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 48/2017 New Delhi, the 8th June, …