TDS APPLICABILITY ON RENT OF IMMOVABLE PROPERTY
This query is : Resolved
30 August 2023
WHETHER THE THERSHOLD LIMIT FOR RENT ON IMMOVABLE PROPERTY OF 2,40,000/- IS PER PARTY?
IF SUCH RENT EXPENSE EXCEEDS THERESHOLD LIMIT OF 2,40,000/- IN ANY PERTICULAR FINANCIAL YEAR BUT TO 2-3 PARTIES TDS WOULD BE APPLICABLE ON SUCH EXPENSE?
IF SUCH RENT EXPENSE EXCEEDS THERESHOLD LIMIT OF 2,40,000/- IN ANY PERTICULAR FINANCIAL YEAR BUT TO 2-3 PARTIES TDS WOULD BE APPLICABLE ON SUCH EXPENSE?
30 August 2023
The threshold is applicable for each party.
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