Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2012
Hi Friends
1) If i am paying rent of Rs. 250000/- on yearly basis & the person who is collecting the rent is senior citizen not in Tax Bracket should i need to deduct TDS on rent.
1) If i am paying rent of Rs. 250000/- on yearly basis & the person who is collecting the rent is senior citizen not in Tax Bracket should i need to deduct TDS on rent.
10 October 2012
No you are not required to deduct TDS on rent paid in the given case.
In case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the file is subject to Tax Audit, TDS will have to be deducted.
In case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the file is subject to Tax Audit, TDS will have to be deducted.
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