TDS on Rent
This query is : Resolved
Guest
Guest
(Querist)
13 May 2011
Hello, Please let me know if TDS is to be deducted in following circumstances: A person has let out two office premises owned by him (situated in different cities) to the same assessee. Though total annual rent from individual premise does not exceed the TDS thresh-hold limit, total rent combined from both the premises exceeds the thresh-hold limit of Rs. 1,80,000 p.a. Does TDS liability arise in this case?
13 May 2011
The tenant of both the premises being the same person, tax deduction attracts subject to section 194I of the Income tax Act,1961.
Message likes :
1 times
13 May 2011
Yes TDS to be deducted. Threshold limit is calculated party wise. So if total payment to same party exceeds threshold limit TDS is required to be deducted.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
