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

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

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