TDS on Rent
This query is : Resolved
Rohit Bhatia
(Querist)
23 June 2020
HI
Building Rent is paid by Private Limited to Both Two Director of Company and Ist Co-Owner is rent Rs 1,80,000/- and 2nd Co-owner is rent Rs 1,80,000/- Now Will be TDS applicable on rent. If Yes please mention Rate of TDS deduct and limit amount.
Regards
Building Rent is paid by Private Limited to Both Two Director of Company and Ist Co-Owner is rent Rs 1,80,000/- and 2nd Co-owner is rent Rs 1,80,000/- Now Will be TDS applicable on rent. If Yes please mention Rate of TDS deduct and limit amount.
Regards
24 June 2020
No need to deduct income tax .
Inference :- proviso to section 194I and CBDT Circular 715 (answer to question no.21) dated 8-8-1995.
Inference :- proviso to section 194I and CBDT Circular 715 (answer to question no.21) dated 8-8-1995.
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