Tds on rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 Sir,
I am an Individual and Salaried person having income of 8 lacs.

I am paying INR 192,000 as Rent. Should i need to deduct TDS?? Exemption limit is 180,000 in 194I.

I have no other income except salary income 8 lacs.

Thanks

prateek aanchalia

prateek aanchalia (Expert)
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22 August 2012 u not require to deduct TDS..
194 I tds liability for individul when arise when his books of accounts come under tax audit..
so in your case that not applicable..
so u not require to deduct TDS..

CA Prashant Gupta

CA Prashant Gupta (Expert)
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22 August 2012 NO, you don't need to deduct TDS. it is only for businessman whose books are to be audit u/s 44AB. you are indivual salaried person. this is not applicable on you

Guest

Guest (Expert)

22 August 2012 TDS provisions are not applicable in your case.

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