Tds on rent
This query is : Resolved
19 July 2014
sir , if the rent payer is indivisual (propertior) is paying rent 30000.00 per month ie 20000/- & 10000 (to different person) , and not deduct any tds on rent .
so the receiver is having any problem in future in income tax.
so the receiver is having any problem in future in income tax.
sushil kumar
(Expert)
19 July 2014
Dear,
If you are running the business and falling the section 44AB for tax audit then deduction @10% is required u/s 194I, otherwise no deduction is required.
If you are running the business and falling the section 44AB for tax audit then deduction @10% is required u/s 194I, otherwise no deduction is required.
19 July 2014
Agree with Expert. But even if under tax audit TDS not required to be deducted in second case i.e., Rent of Rs 10000/- p.m. since the same will not cross threshold limit of rs 1.80 lacs p.a.
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