Tds on rent paid rs.3,60,000 p.a.by salaried individual

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 September 2013 I am a salaried individual and paying Rs.3,60,000 p.a. to my father as rent for the residential flat in which i reside. My father is a senior citizen and self employed but his annual income is below taxable limit after making eligible investments and deductions. My question is do i need to deduct TDS on rent paid to my father. What procedures do i need to follow for this.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

02 September 2013 yes tds needs to be deducted as it exceeds rs
1,80,000 and ur dad must issue u form 16-tds certificate after downloading from traces website.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

04 September 2013 TDS not applicable to salary individuals,,
.
.
more over it is payment and personal in nature,,
.
.
NO NEED TO WORRY,,NO TDS APPLICABLE UNDER ANY SECTION
.
.
AT THE SAME YOUR DAD ALSO NOT REQUIRED TO ISSUE ANY TDS CERTIFICATE

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