Tds for personal purpose

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2016 Is person u/s 44AB liable to deduct tax at source for payment of rent made for personal purpose???
Please Reply fast!!!

27 June 2016 Yes, liable to deduct TDS.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2016 Thank You Sir!!
But can you please provide me with the basis on which we can say that

27 June 2016 The Act requires specified persons to deduct tax on specified nature of payments made by them. You fall under specified person and your payment also falls under specified nature of payment. Hence you are liable to deduct TDS.

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Querist : Anonymous

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27 June 2016 But sir, how we can say that rent on Residential Property falls under specified nature of payment??

28 June 2016 If you make rental payment of more than Rs.1,80,000 per year it will fall under specified nature of payment.


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