Tds on rent paid from hra received by me.


(Querist)
16 April 2018
In the Budget speech of FEB 2017 Finance Minister levied TDS on rent paid over & above Rs.50000. I being a salaried person getting HRA over Rs. 10,00,000 In the last FY I had taken two property on rent making payment of Rs. 240000 * 2 = 480000 for one FOR THE MONTH April 2017 & May 2017 & Rs.48000 * 10 = 480000 for second property FOR THE MONTH June 2017 to March 2018. Hence paying total rent of Rs.960000. Please advise me 1. Am I liable to deduct TDS u/s 10(13A) as in total I had paid Rs. 80000 per month. 2. Will I get Deduction for HRA for whole amt of rent paid or for rent paid for one of the property.

But this section is applicable from June 2017. Then why I should deduct TDS on the rent of April 2017 & May 2017.




CA Rashmi Gandhi (Expert)
16 April 2018
You are liable to deduct TDS in respect of first property only as amount is more than Rs.50000/- p. m. Second house rent is below Rs.50000 /-. So no need to deduct TDS.

KAVIRAJA ADDANGADI (Expert)


Click to Talk 16 April 2018
You have to deduct TDS @5% if you pay rent individual capacity.

HRA is allowed both House which you have occupied during your Salary income, You will get benefit subject to HRA Calculation as u/s 10(13A) .

Nikhil Kaushik (Expert)
16 April 2018
given that you have not paid more than Rs 50000 rent per month since this section became applicable, No TDS is required to be deducted.

CA Rashmi Gandhi (Expert)
26 April 2018
Nikhil check details on first house rent is more than Rs.50000.-

Nikhil Kaushik (Expert)
26 April 2018
already checked. It is more than 50 thousand only for those months when the new TDS regulations were not applicable.


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