What is the slab for house rent to deduct tds
sunil marata (Bank employee) (25 Points)
21 October 2015sunil marata (Bank employee) (25 Points)
21 October 2015
Karthik.V.Kulkarni
(Chartered Accountant)
(594 Points)
Replied 21 October 2015
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 21 October 2015
Bank need to deduct TDS under section 194-I, if rent paid during the year is exceeds or expected to exceedss Rs 1,80,000/- per owner/co-owner, if any.
Thanks you ...
Danish
(GST Practitioner)
(219 Points)
Replied 21 October 2015
Tds Should be Deducted 194I If The person Who is Paying Rent Is Assessable For Tax (ie Companies & Firms) & If It Exceeds Or Expected To Cross 180,000/- per anum
If The Company Directly Paying Rent To Its Staff Qtrs Company Can Deduct TDS On The Rent
It Should Not Be Deducted From Salary...
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