Tds on rent paid
This query is : Resolved
Shankar Sharma
(Querist)
07 December 2018
I am a tenant without TAN. My landlord has increased the rent to a little more than Rs.15K per month from October 18. However the total for the FY 2018-19 will be less than Rs.1.8 L. Should I deduct the TDS? If yes when it should be paid to the IT dept and at what percentage?
CA Ankit R Momaya
(Expert)
07 December 2018
Since the aggregate amount in the FY will be less than Rs. 1.8 Lacs no requirement to deduct TDS.
Nikhil Kaushik
(Expert)
16 December 2018
for house rent, the TDS triggers only if the rent is in excess of Rs 50000 a month
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