Tds on rent
This query is : Resolved
04 April 2019
Sir
Individual Rent payment Rs. 52,000/- to Individual how much TDS deducted fy 2019-20 If owner not having Tan how to pay TDS
Kindly help me rent tds producure of Rent what is limits, section, date of tds payment etc
Thanking you
Individual Rent payment Rs. 52,000/- to Individual how much TDS deducted fy 2019-20 If owner not having Tan how to pay TDS
Kindly help me rent tds producure of Rent what is limits, section, date of tds payment etc
Thanking you
CA Meetali
(Expert)
04 April 2019
IS 52000 rs. is annual or monthly
If it is annual no TDS is required to be deducted.
If it is annual no TDS is required to be deducted.
CA PARAS BAFNA
(Expert)
04 April 2019
Please clearly mention the source of income of the tenant. If he is a businessman and his accounts are audited U/s 44AB (Tax Audit) then TAN number is required and tax is to be deducted @ 10%.
In other cases mentioned U/s 194-IB-tax is required to be deducted @ 5% and there is no requirement of TAN.
If you refer section 194I and 194-IB you will get all the required information. You may refer the link given here under-
https://www.myloancare.in/tax/tds-on-rent/
In other cases mentioned U/s 194-IB-tax is required to be deducted @ 5% and there is no requirement of TAN.
If you refer section 194I and 194-IB you will get all the required information. You may refer the link given here under-
https://www.myloancare.in/tax/tds-on-rent/
CA PARAS BAFNA
(Expert)
10 April 2019
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