TDS u/s 194I

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This discussion clarifies whether Tax Deducted at Source (TDS) is applicable under Section 194I for rent payments. If your company pays an individual landlord £20,000 per month, totalling £240,000 annually, TDS is not applicable. This is because the aggregate rent amount paid during the financial year does not exceed the threshold limit of £2.4 lakhs specified in Section 194I.

kathir

kathir (Querist)
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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.?

swasti

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

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