Tds on building rent monthly


This query is : Resolved 

Quick Summary
If you're running a business from a rented property and paying monthly rent, you may need to deduct Tax Deducted at Source (TDS). TDS under Section 194-I is applicable if you are an individual and your accounts were audited in the previous year. The annual threshold for this deduction is £2,40,000.

21 November 2024 I am running a business of nursing home on rented property
Monthly rent is 30000
Should I deduct tds on above rent paid

21 November 2024 Yes, TDS u/s. 194I would be applicable if you are individual & your books were audited in preceding year u/s. 44AB IT act.

21 November 2024 What is the maximum threshold like limit sir

21 November 2024 As per sec. 194-I IT act, it is Rs. 2,40,000/- PA.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query