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Tds on rent

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(Querist)
10 October 2012 I have doubt taht, if builder has redevelopment project and he is paying compensation for rent to existing tennants, who are living on rental flats. And rent amount exeeding Rs.1,80,000/-, whether it is attract tds.
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CA C.JANANI

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CA C.JANANI (Expert)
10 October 2012 It will attract TDS if the payment made by develeoper exceeds 1.8 lakhs, as the payment made is in the nature
of rent only.

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