Tds u/s 194 i
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2018
Dear sir/madam
If a company pays rent of property then the limit of 1,80,000 is per owner or total for the property because total rent paid a year is 2.5 lakh which us to be divided among 2 co owners so tds under these section is applicable or not
If a company pays rent of property then the limit of 1,80,000 is per owner or total for the property because total rent paid a year is 2.5 lakh which us to be divided among 2 co owners so tds under these section is applicable or not
CA Ankit R Momaya
(Expert)
22 November 2018
The limits prescribed under Section 194-I has to be construed as Owner wise. Hence in the above case, TDS provisions will not apply..
22 November 2018
C B D T Circular No. 715 dated 08-08-1995 - question No. 21.
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