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
Querist :
Anonymous
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
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%.