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Rent paid without deducting tds
if I paid rent of Rs 180000 to a person during FY 2018-19 should I deduct tds
Replies (3)
Quick Summary
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.
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.
Rent for what purpose ? , House rent or any other .
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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