u/s 194 I, the threshold limit of non deduction of tax is Rs. 120000.
If the rent is more than the threshold limit, should the tds need to be applied on the whole gross amount or the amount exceeeding Rs. 120000 only ?
u/s 194 I, the threshold limit of non deduction of tax is Rs. 120000.
If the rent is more than the threshold limit, should the tds need to be applied on the whole gross amount or the amount exceeeding Rs. 120000 only ?
whole amount
you have to deduct TDS on whole amount
Yes, You have to deduct tax on the gross amount.
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