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Tax Deducted on rent Payment
11-15-2010, 08:51 PM
Post: #31
 
Sir, ap ka reply ki logic kuch samag ma na ayi. If individuals income is BTL then why should the company deduct tax. Agar company tax deduct kar rahi ha tu individuals must have taxable income. i quote section 161 (1B)
"Where at the time of recovery of tax under sub-section (1) it is
established that the tax that was to be deducted from the payment made to a
person or collected from a person has meanwhile been paid by that person, no
recovery shall be made from the person who had failed to collect or deduct the
tax but the said person shall be liable to pay 7[default surcharge] at the rate of
eighteen percent per annum from the date he failed to collect or deduct the tax to
the date the tax was paid."

Since individuals will file nill return company cannot be held liable for non deduction of tax.
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11-16-2010, 06:19 PM
Post: #32
 
Bilal Bhai,,,,,,,,,,,
Agar ap chahty han k company ko tax withheld na karna pary,,,,, to rent agreement panchon owners k sath karna pary ga, or company jo rent pay kary gi us ka cheque bhi har owner ka alahda alahda banana pary ga.

Par mujhay nahi lagta k aysa howa ho ga, un panchon may say kisi 1 owner k sath company ka agreement howa ho ga is waja say kanoni tor par wo income usi shaks ki hay jis k nam say agreement hay or jis k naam say cheque issue howa hay is waja say company ko tax withheld karna zarori hay.

1 tarika or hay k wo panchon owners AOP registerd ho jayen, to jo tax un ki income par withheld ho ga wo us ka redbait lay sakyn gay.
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11-19-2010, 02:41 AM
Post: #33
 
o yar agreement 5 owners ka naam per ha tu hi yeh sawal poch raha hon. agar ap ko jawab nai ata to plz chup rahooo. let someone else answer
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11-20-2010, 07:48 PM
Post: #34
 
oki ji may chup ho gya bas khush,,,,,,,,,
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