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Under section 194i (rent)

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17 March 2012 dear sir,

one of my client has taken two building on rent from a single landlord at different places. and the amount he is paying is one lakhs for each building annually.

wether he is liable to deduct TDS U/S 194I?

17 March 2012 Yes, because 194I has also to be seen by payee wise.

17 March 2012 One building or 2 buildings have not been defined under the act. The act provides for monthly rent which is above the prescribed limt and hence you are liable to deduct TDS on the amount excluding service tax






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