ITDS on Lease Rent
This query is : Resolved
Quick Summary
27 August 2025
Two persons took a 100 bigha land on lease jointly for growing and selling green tea leaves in Arunachal Pradesh. The lease rent is fixed at Rs. 14.00 lacs (7.00 lac payable by each persons). Their annual turn over is below 1.00 crore. Whether they are liable to deduct ITDS on lease rent ?
27 August 2025
Yes, TDS deductible u/s. 194-IB IT act..
27 August 2025
Sir, if the recipient is a tribal, then also TDS liability exists ?
27 August 2025
There is no exemption for such category in the act.
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21 September 2025
Good luck....
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