Tds under 194 ic


This query is : Resolved 

Quick Summary
A query regarding TDS deduction under Section 194IC on rental income of Rs. 26,000 per month received by an aunty residing in her own village house. The consensus is that this income should be treated as income from house property. It's also clarified that Section 194IC TDS is only applicable if the monthly payment exceeds Rs. 50,000.

(Querist)
06 June 2022 Dear Sir

My aunty get Rs.26000/- pm rent from builder & builder is deducting tds u/s.194 ic .
this will be income from house property or something else ?
My aunty is residing in village in his own house.

Regards
Harendra

06 June 2022 Yes This will be income from house property.

06 June 2022 This will be income from house property.
Section 194IC TDS applicable only when payment per month exceed 50,000.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details