194-i tds on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2016 1. rent paid to xyz per annum is 210000
2. rent paid to abc 25000 pm.

tds @ 10% is applicable only to item 1 and 2 both or only to item number 1( as it exceeded limit of rs.180000)

Ganeshbabu K

Ganeshbabu K (Expert)
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04 February 2016 if permonth 25000 it will exceeds 180000 for year,so tds applicable in this case also

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Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2016 if item number 2 is 25000 PER ANNUM?

is limit is applicable to each case or as a whole( all rents paid to different persons)

Ganeshbabu K

Ganeshbabu K (Expert)
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04 February 2016 limit is with reference to each person,

not applicable if 25000 per annum

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Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2016 thanx a ton. great help for a better clarity

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