Sec.194-i-tds on rent
This query is : Resolved
THIRUSELVAN
(Querist)
13 June 2013
AS PER SEC.194-I, ANY PERSON NOT BEING AN INDIVIDUAL OR HUF SHOULD DEDUCT TAX WHILE PAYING RENT. SO AN INDIVIDUAL PAYING RENT TO ANOTHER INDIVIDUAL NEED NOT DEDUCT TAX AT SOURCE. SUPPOSE I AM PAYING RENT OF RS.30,000/MONTH FOR A RESIDENTIAL HOUSE TO MY HOUSE OWNER.AM I CORRECT IN SAYING THAT I NEED NOT DEDUCT TAX AT SOURCE BECAUSE I AM AN INDIVIDUAL? INSPITE OF THE FACT THAT THE RENT EXCEEDS THE LIMIT OF RS.180000/-.EXPERTS PLS. ADVICE ME ON THIS.HOWEVER IF I AM TO DEDUCT TAX WHAT IS THE PRESENT RATE AND WHEN IT SOULD BE DEPOSITED?
CMA Ramesh Krishnan
(Expert)
13 June 2013
Yes. you are correct, Sec.194I not applies for Individual & HUF on their rent payments
Message likes :
1 times
THIRUSELVAN
(Querist)
13 June 2013
thank u mr.ramesh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
