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tds on rent

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(Querist)
31 May 2016 whether advance rent paid is liable to deduct tds
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CA Rohit Jain

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CA Rohit Jain (Expert)
31 May 2016 yes, even advance rent is liable for deduction of TDS. However if the advance rent is for more than a financial year, then TDS should be deducted only on amount of rent which relates to current year
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Gokul Sharma

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Gokul Sharma (Expert)
01 June 2016 LIABILITY TO DEDUCT TDS ARISES AT THE TIME OF BOOKING OF EXP OR PAYMENT WHICH EVER IS EARLIER IF LIMIT FOR DEDUCTION IS EXCEEDING.
IN CASE OF RENT THE LIMIT IS 180000 IN ONE FY.
IF RENT IS BELOW THE LIMIT NO NEED TO DEDUCT TDS
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