Proprietor rent tds

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164 Points Posted on 02 August 2021
Proprietor rent paid tds %
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On 02 August 2021 at 12:18 Report
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This discussion clarifies the Tax Deducted at Source (TDS) requirements for proprietors paying rent. For a monthly rent of £30,000, Section 194-I of the Income Tax Act mandates a TDS rate of 10%. It's also noted that if the recipient's PAN is not provided, the TDS rate increases to 20%.

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3924 Points Posted on 02 August 2021

How much rent you paid and for what  purpose ?. please elaborate in detail

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On 02 August 2021 at 15:11
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164 Points Posted on 02 August 2021
Show room rent 30000
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On 02 August 2021 at 15:21
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3924 Points Posted on 02 August 2021

If you are paying  30000/- rent per month , then as per section 194 I  of the income Tax act  TDS  @ 10% applicable , please refer  section 194 I  of the income tax act 1961 .

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On 02 August 2021 at 15:27
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3924 Points Posted on 02 August 2021

One more thing  , if  no PAN  number then 20%  TDS rate is applicable

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On 02 August 2021 at 19:24

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