Tds on rent for commercial organization

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Mujeeb Ahmed (Querist)
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26 August 2014 I am getting monthly Rent of Rs.15,000/-(Commercial Organization) and Total Rental Income PA is Rs.180,000/- on Total Income i,e Rs. 180,000/- 30% Standard Deductions is applicable Rs.180,000 - Rs.54,000 = Rs. 126,000/- is Net Income. My query is whether on my Gross Total Rental Income i.e Rs.180,000/- TDS is to be deducted by the Rent payer

Amol S Joglekar

Amol S Joglekar (Expert)
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26 August 2014 The section 194I says.....DOES NOT EXCEED...
SO? NO TDS ON YOUR AMOUNT TO BE MADE BY THE PAYER.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 August 2014 TDS not required to be deducted since threshold limit of Rs 1.80 lacs u/s 194I is not crosed.

Rupesh Jain

Rupesh Jain (Expert)
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26 August 2014 no if your rent is more than rs. 180000/- in a year then tds to be deducted.

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