I am doing a Trading Business
My Turnover is More Than 1Cr
I have Shop on Rent Monthly Rs.2000/-
Is it Compulsory to Deduct TDS on Rent Paid.
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Tds
Replies (5)
No, you are not required to deduct tds. As per section 194I tds on rent is deductible only if total rent paid during the year exceeds 180000/-.
Agree with Nikhil
Sorry, i am paying rent 20,000/-monthly
Then you have to deduct tds @ 10%
You have to deduct TDS @ 10% u/s 194I, this should bo on amount exclusive of service tax(if any).
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