Tds on rent u/s 194ib
This query is : Resolved
manoj sonalkar
(Querist)
18 April 2018
Hi
Finance Act 2017 introduces new section 194IB which requires to deduct TDS on rent paid to Individual/HUF , if amount of rent paid exceeds RS.50,000/-. My question is suppose a person is paying rent to other person/HUF whose income is below taxable limit (including rental income) , is he still liable to deduct TDS u/s 194IB.
Thanks in advance.
Finance Act 2017 introduces new section 194IB which requires to deduct TDS on rent paid to Individual/HUF , if amount of rent paid exceeds RS.50,000/-. My question is suppose a person is paying rent to other person/HUF whose income is below taxable limit (including rental income) , is he still liable to deduct TDS u/s 194IB.
Thanks in advance.
18 April 2018
Yes, tax is to be deducted in the said case.
manoj sonalkar
(Querist)
18 April 2018
How individual/HUF House Owner will pay TDS to government , if he do not have TAN.
18 April 2018
If is not the house owner to pay TDS to Govt. The tenant has to remit TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- TDS- 2026-27 Q1 Correction
- Import Order Cancelled.
- Intimation under section 245
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
