Tds on payment of residential rent
This query is : Resolved
28 November 2016
Ours is a private limited company and one of our employees has been provided a rental premises for residence purpose. Whether we will have to deduct TDS while making payment of Rent to the landlord and such tds comes as under which head
28 November 2016
TDS on rent is not applicable for residential purpose.
28 November 2016
If company take premises for rent, if rent exceeds RS.180000 PA than TDS is applicable .
29 November 2016
But the rent is paid only for residential purpose of employees. So no TDS liability will arise.
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