TDS not applicable in income of rent
vijay (student) (28 Points)
16 March 2020i m paid rent to my landlord 2000 per month .
can i deducted tds in rent amount of and remain payment paid to my landlord
please sir give the suggestion me
naveen d
(32 Points)
Replied 16 March 2020
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 16 March 2020
AGREED with naveen d !
However , if you are liable to TAX AUDIT in last P.Y and rent paid is more than Rs. 2,40,000 p.a then YES you need to deduct TDS u/s 194-I @ 2%/10% as the case may be.