TDS on Rent in case of Businesses and Professionals required to get Tax Audit conducted. TDS on Rent is liable to be deducted by the person making the payment if the total amount to be paid during the year exceeds Rs. 2,40,000 p.a. This limit of Rs. 2,40,000 p.a. is per taxpayer per annum.
If you pay rent to a person by way deposit into two bank accounts of that person, it is considered as payment to single person only. So 11000 × 2 won't be helpful.
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