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Tds on rent

vaibhav sharma (article Assisstant) (33 Points)

27 March 2015

I am paying rent 16000p.m. to my father. Does tds deductible as it crosses 180000 but my father is not required for tax audit.. what should I do???

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15 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 27 March 2015

Rent is being paid by you... so check is audit applicable for you...

Not on ur father

(Guest)

Agree with Ca Ankit..

TDS is required to be deducted by you while making payment if you are Audited assessee..

CA Parul Saxena (CA) (8425 Points)
Replied 27 March 2015

No TDS for residential purpose...............

CS Deepak Pratap Singh (Bsc., LLB ,ACS) (135 Points)
Replied 27 March 2015

Tds provisions in case of invifuals will be applicable if you are liable to audit of your accounts.

(Guest)

As far i can remember. I dont agree with CA Parul that Tds not applicabke for residential purposes. There's no such provision excluding tds liability on rent paid for residential purposes

(Guest)

Mr. Vaibhav you will have to deduct TDS if u were subject to Tax Audit for FY 2013-14

Rajesh Kumar Gupta (Senior Divisional Manager) (714 Points)
Replied 27 March 2015

Tds is deductible provided rent payable in the fy exceeds 1.8 la vs.

Sandip Ramanuj Mishra (Finance Manager) (24 Points)
Replied 27 March 2015

No need to deduct TDS

Anindya Choudhury (Articled Assistant) (67 Points)
Replied 27 March 2015

TDS is deductible U/s 194 I on rent payable by you if you are auditable U/s 44AB and if the summation of your rent for the whole financial year exceeds Rs.1,80,000/-