Can properitor deduct tds as per section 194i
This query is : Resolved
Ajeet Yadav
(Querist)
14 May 2016
a proprietor paid rent for our business premises rs. 45000 pm . is liable to deduct tds of rent paid by him
CA Mithil Munot
(Expert)
14 May 2016
According to sec. 194I TDS must be deducted if rent paid is more than Rs. 180000/- p.a. Individual and HUF are liable to deduct the TDS if there books of accounts are audited under section 44AB.
In your case the yearly rent will be above Rs 180000/- so individual can deduct tax.
In your case the yearly rent will be above Rs 180000/- so individual can deduct tax.
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