Tds on building rent monthly
This query is : Resolved
Quick Summary
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
Monthly rent is 30000
Should I deduct tds on above rent paid
Dhirajlal Rambhia
(Expert)
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.
Dhirajlal Rambhia
(Expert)
21 November 2024
As per sec. 194-I IT act, it is Rs. 2,40,000/- PA.
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