asheeq ua (ca ipcc) 20 January 2021
One of my client has taken shop on lease. Lease for the month is 42000+ Gst..
1. My question is Should I deduct tds on rent ? If yes, how much percentage ?
2. How much Rupees Client has to gv cheque to lesser ?
3. Can we claim Gst on Rent Paid ? Both are registered under Gst.
CA Rashmi Gandhi (banswara) 20 January 2021
1. Yes as Total Rent during the year is more than Rs.2,40,0000. (Refer Sec 194I) but only if your turnover during the last year is more than Rs.1 crore.
2. Rent less TDS
3. Depends on the reason why you pay rent.
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