Godown rent tds appliciblaty

plese clearfiy tds deduct limit of shop godown rent
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Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) on shop and godown rent. It explains that entities other than individuals and HUFs, as well as individuals and HUFs subject to tax audit, are responsible for deducting TDS. The annual threshold for TDS deduction on rent was £2,40,000 for FY 2022-23.

Yes, TDS u/s. 194 I of IT act....

  • The person (not being an Individual or HUF) who is responsible for paying of rent is liable to deduct tax at source. Individuals and/or HUFs who are subject to tax audit are under an obligation to deduct the tax at source.
  • TDS threshold for deduction of tax on rent is Rs 2,40,000 for the FY 2022-23
Its 240000 per annum

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