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TDS u/s 194I

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26 April 2020 Hi, We are the company paying rent 20000 per month to individual ( X ). it means rent amount exactly match rs 240000 per year. in this case TDS applicable us 194I or not.?

26 April 2020 If the amount does not exceed Rs 240000, no TDS as per Sec 194I. So in your case, no TDS.

27 April 2020 Tds not applicable since aggregate amount during Fy.19-20 does not exceeds threshold limit 2.4 Lakhs






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