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Whether tds to be deducted on rent paid by sole proprietor

This query is : Resolved 

06 April 2016 Ours is Sole Proprietorship Firm taken a commercial property on Rent (at Rs. 110000 Per Month + Service Tax) and not audited in last year. Whether we are liable to deduct TDS on rent paid. The owner of the property is Individual Person. Kindly suggest me.

07 April 2016 Dear Sir,
The provision of section 194I applicable to the individual or HUF whose turnover for the preceding year exceeding the maximum amount specify under section 44AB. in other words individual is required to deduct TDS only if his Books of accounts in preceding year audited under section 44AB of the income tax Act, 1961.


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