Dear Sir
Annual rent Is Rs.3 lac 50thousand
so please suggest Need to deduct TDS or not
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TDS applicable or note
Replies (9)
Quick Summary
Only in case of individual whose books of accounts are required to be audited
Audit is not required..You may need to file ITR
Sir, i am asking we have hire godown on rent so can we need to deduct TDS on Godown owner Annual rent amount 3.50 Thousand
No requirement of deduction of tds if per month rent not exceed 50000 p.m.
How is the landlord accepting payments?
Cash or bank.
rental receipt is being given or not.
Cash or bank.
rental receipt is being given or not.
If you are liable to audit in teh previous FY then TDS have to be deducted at the time of payment of rent @ 10% u/s 194I
Especially in the case of Tds on rent , there different rates for Audit & Non Audit cases ..
You have to confirm whether you are Individual of salary or business entity
You have to confirm whether you are Individual of salary or business entity
Deduct Tds @ 10% (194I)
If you are salaried category then Tds is not applicable ..
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