TDS on rented apartment


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2010 If rented to an individual indian resident,is it mandatory for the tenant to deduct TDS and if there are any minimum threshold and what is the rate of deduction .The landlord is a PIO.

25 May 2010 YES TDS IS REQUIRED TO BE DEDUCTED IF THE AMOUNT EXCEEDS THRESHOLD LIMIT U/S 194I.
PRESENT THRESHOLD LIMIT IS RS.120000/- P.A.
W.E.F. 01.07.2010 NEW LIMIT RS.180000/- P.A.
RATE OF TDS 10%( IF PAN GIVEN BY DEDUCTEE)
OTHERWISE 20%

25 May 2010 agreed ,
PIO ?

25 May 2010 TDS rules does not apply to an individual unless he is subject to tax audit in the immedialty preceeding PY.

25 May 2010 agreed With mr. Dua.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2010 I wish to confirm that I am a Person of Indian Origin and also Non Resident and read that it is the onus of the tenant to deduct TDS @30.9% since I am the landlord.Is this true


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