Tds on rent(194 i)
This query is : Resolved
19 July 2013
Two Rent agreement, But rent paid to one person(Rs. 3,05,000.00 Yearly for both agreement) Whether TDS should Deducted or Not?
19 July 2013
As the recipient of rental income is the same, TDS is deductible
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19 July 2013
Thank You Sir,
I stll need one more clarification
What if the 2 agreements are in the name of two different parties and the recipient is same??
I stll need one more clarification
What if the 2 agreements are in the name of two different parties and the recipient is same??
19 July 2013
Then no TDS..........
In first situation TDS should be deducted
In second situation TDS should not be deducted.
In first situation TDS should be deducted
In second situation TDS should not be deducted.
19 July 2013
Here you have not specified the agreed rent amount.
.
TDS provisions are applicable when the rent payment exceeds Rs. 180000/- to a single payee.
.
If 1 agreement is of Rs. 1.00 lac with X and other is of 2.05 lac with Y, then TDS on payment to Y will be deductible.
.
.
TDS provisions are applicable when the rent payment exceeds Rs. 180000/- to a single payee.
.
If 1 agreement is of Rs. 1.00 lac with X and other is of 2.05 lac with Y, then TDS on payment to Y will be deductible.
.
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19 July 2013
Agree with sir, that point i missed out.........
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