Tds on rent
This query is : Resolved
23 June 2014
Is an Individual liable deduct TDS on rent paid to Single person from different proprietorship firm if combined rent paid to single person from all proprietorship firms exceeds Rs. 180000/-?
23 June 2014
YES IF YOU MAKE PAYMENT TO ONE PERSON FORM DIFF.-2 PROP FIRM OF ONE PERSON THEN YOU HAVE TO DEDUCT THE TDS ON RENT IF AMOUNT EXCEEDS RS. 180000/- IN A YEAR.
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23 June 2014
as per the provision,
if the rent is being paid to a single person
by a single assessee, and the amount of rent being exceed from 180000, then TDS must be deducted
in your case the assessee is one, as the firm does not matter, because all are proprietor ship concern.
so your need to deduct TAX at Source
if the rent is being paid to a single person
by a single assessee, and the amount of rent being exceed from 180000, then TDS must be deducted
in your case the assessee is one, as the firm does not matter, because all are proprietor ship concern.
so your need to deduct TAX at Source
Message likes :
1 times
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