If the Assessee is covered under section 44AB (TAX AUDIT)
and has paid rent to various party
1st party : 190000
2nd party : 160000
On which amount are we required to deduct TDS?
Menu
Deduction of TDS on rent paid
Replies (6)
Only in case when rental amount is equal to or more than Rs. 1,80,000/- per annum; as in first case here.
not required to make TDS as total payment to each party is not exceeding 240000RS. it is party wise and not on total basis to all parties
Tds will be deducted on the amount if the property is outside india
TDS on rent exceeding Rs.2.4L w.e.f 1.4.2019 only,applicable to FY 2019-20.
For FY 2018-19,the TDS on rent limit is 1
.8 L only
For FY 2018-19,the TDS on rent limit is 1
.8 L only
TDS on rent exceeding Rs.2.4L w.e.f 1.4.2019 only,applicable to FY 2019-20.
For FY 2018-19,the TDS on rent limit is 1
.8 L only
but it's not revised
For FY 2018-19,the TDS on rent limit is 1
.8 L only
but it's not revised
As budget 2019, tds on rent is applicable if rent paid exceeds 240000 during the financial year...if you want to deduct for FY 19-20 onwards no TDS deductible in both of the cases..but if TDS deductible is for period prior to 19-20;limit is 180000 ...so for in above case TDS will be deducted only on entire amount of 190000 ..and no TDS in second case
Recent Topics :
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
Related Topics :
CAclubindia
