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Rent paid without deducting tds

unni vijayanche (28 Points)

29 September 2020

if I paid rent of Rs 180000 to a person during FY 2018-19 should I deduct tds

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Manjunath L Bellubbi (CA) (43 Points)
Replied 29 September 2020

No need to deduct any TDS on rent upto 2.4L u/s 194I.
However this section apply only for
1)Company/LLP/Commission agent/Broker Who's turnover more than 1Cr.
2)Resident individual/HUF/Firm carrying bussiness = Turnover >2Cr
profession=Turnover>50L

If you fall any of this category u need not to deduct any rent.

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prasad Nilugal (3914 Points)
Replied 29 September 2020

Rent for what purpose ? , House rent or any other .

prasad Nilugal ( GST Practitioner & Accounts ) (14221 Points)
Replied 29 September 2020

For F.Y 2018-19 the limit to deduct TDS was of Rs 180000/- not 2,40000/- . form 1/4/2019 limit has been increase form 180000/- to 240000/- . so rent is what purpose ?.

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