Tds on rent
This query is : Resolved
02 March 2016
Sir , Any one Pl suggest for me
I have taken go down for rent. Monthly Rent is Rs. 7000/- per month [Rent Agreement 1st of April 14 to Mar 15 ]
Monthly 7000 X 12 = 84000, TDS not covered
But I have paid 12 month Rent in single payment by cheque on 1st of April 2014 Whether TDS Applicable or not
I have taken go down for rent. Monthly Rent is Rs. 7000/- per month [Rent Agreement 1st of April 14 to Mar 15 ]
Monthly 7000 X 12 = 84000, TDS not covered
But I have paid 12 month Rent in single payment by cheque on 1st of April 2014 Whether TDS Applicable or not
CMA Ramesh Krishnan
(Expert)
02 March 2016
No single payment threshold limit in sec.194I , Overall limit only even paid single payment also. so your case TDS wont apply
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