section 194I
This query is : Resolved
Debasish Ghosh
(Querist)
07 December 2010
Land lord claims Rs.13000/- pm as rent and Rs.3000/- pm as Service Charges in the same bill. Is section 194I applicable
vinu vasudevan
(Expert)
07 December 2010
TDS @ 10.3% is applicable only if the rent exceeds Rs 1.8 L annually. This limit, which was Rs 1.2 L earlier, has been increased from 01.04.2010.Now in ur case u r paying Rs.13000 pm ie;Rs.156000 p.a Therefore no TDS.
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