tds on rent- for individual

This query is : Resolved

harshit (Querist)
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27 February 2008 salaried employees paying monthly rent Rs.15000/- (annual Rs.180000/-) on that amount TDS deducted or not?

sir please

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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27 February 2008 I WANT TO CLARIFY THAT ON SALARIED EMPLOYEE TDS SECTIONS SHALL NOT BE APPLICABLE AND HE IS NOT REQUIRED TO DEDUCT TDS ON RENT .

jegannath G

jegannath G (Expert)
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27 February 2008 Sorry, TDS is to be deducted by the payee only if his/ her account needs to be audited under income tax act (44AB)

hence salary employee paying Rent exceeding the basic exemption, need not deduct TDS.

Ca. Alok Gupta

Ca. Alok Gupta (Expert)
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28 February 2008 individual is not liable to deduct TDS on rent if he is not covered under section 44 AB

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