Tds on rent

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Manish Jain

Manish Jain (Querist)
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07 October 2013 An individual paying rent Rs. 20000/- Per Month.

can he is eligible for DEDUCTING TDS
U/S 194 I

CA Pallav Singhania

CA Pallav Singhania (Expert)
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07 October 2013 An Individuals or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.

regards,

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 October 2013 Agreed with aryan.

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Manish Jain

Manish Jain (Querist)
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07 October 2013 its mean individual paying rent for his living with family, he can not deduct TDS. he have to pay all amount

CA Pallav Singhania

CA Pallav Singhania (Expert)
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07 October 2013 Generally not,
Only if the assessee carrying on Business/Profession and its accounts been Audited U/S 44AB {Tax Audit} in the immediately in the preceding year..

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