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Regarding deduction of tds on rent

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article assistant
495 Points Posted on 12 April 2023
a partnership firm pays rent to an individual Rs 40,000 per month
how much threshold limit to deduct TDS and what percentage TDS should be deducted
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On 12 April 2023 at 23:00 Report
Replies (8)
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GST Practitioner & Accounts
15085 Points Posted on 13 April 2023
Please inform for which Financial year?.
24 Reply
On 13 April 2023 at 07:55
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article assistant
495 Points Posted on 13 April 2023
2022-23
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On 13 April 2023 at 09:49
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GST Practitioner & Accounts
15085 Points Posted on 13 April 2023
For F.Y 22-23 threshold limit is 2,40,000/- as per the section 194 I of the income tax Act, TDS rate for Land and Building , furniture & Fixtures is 10% and for plant and Machinery it's 2% ( rent payment to resident Individual.)
24 Reply
On 13 April 2023 at 11:03
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GST Practitioner & Accounts
15085 Points Posted on 13 April 2023

If ,   No  PAN  then  TDS rate is 20%  .............................................................

24 Reply
On 13 April 2023 at 12:54
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article assistant
495 Points Posted on 13 April 2023
And for the financial year 2023-24 limit is same or some changes in it
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On 13 April 2023 at 13:07
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GST Practitioner & Accounts
15085 Points Posted on 13 April 2023
Just confirm at Income tax web site.
www . Income tax .gov.in ...........
24 Reply
On 13 April 2023 at 13:17
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4 Points Posted on 17 April 2023
How to reco e invoice with tally?
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On 17 April 2023 at 22:29
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Profession Business
28207 Points Posted on 18 April 2023
What is the purpose for which rent is being paid business or residential purposes??
44 Reply
On 18 April 2023 at 07:30


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