tds


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2010 Sir,
We are renting two house from same owner and rent payer is also same.
Rent is given bellow:-
House No. 1 40000 per month
House No. 2 24000 per month
Please tell us about tds applicability

25 September 2010 Please tell whether the amount is Rs per month or for the year?
TDS @ 10% to be deducted u/s 194I.
Threshold limt Rs 180000/- p.a. w.e.f. 01.07.2010

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 September 2010 Sir,
We are renting two house from same owner and rent payer is also same.
Rent is given bellow:-
House No. 1 40000 per month
House No. 2 24000 per month
Please tell us about tds applicability

25 September 2010 yes, TDS applicable u/s.194I

27 September 2010 Yes deduct TDS u/s 194I @ 10% on the date of payment or credit which ever is earlier. If no PAN provided you will have to deduct TDS @ 20%.


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