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TDS LIMITS FOR RENT OF COMMERCIAL BUILDINGS

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198 Points Posted on 27 September 2020
How much the TDS Rate and limit in FY 19-20 for rent on commercial building
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On 27 September 2020 at 11:24 Report
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200 Points Posted on 27 September 2020
Section 194 I is applicable if the rent crosses Rs. 180,000 ( for joint property it is Rs. 180,000 to each party).

Rent of Land, building or furniture- 10%

If PAN is not quoted by the deductee then 20%
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On 27 September 2020 at 11:46
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Tax and Business Consultant
11616 Points Posted on 27 September 2020
194-I the Monetary limit enhanced to Rs. 2,40,000/- from Rs. 1,80,000/- from F.Y 2019-20. Accordingly, if the  Rent Payment does not exceed Rs. 2,40,000/- in a financial year, deductor is not require to deduct the TDS.

So, Limit 2,40,000( TDS if rent above limit)
Rate @ 10 %
66 Reply
On 27 September 2020 at 12:04
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200 Points Posted on 27 September 2020
Yes correct for FY 19-20 onwards it is 2,40,000/-
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On 27 September 2020 at 13:07
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"Do the Right Thing...!!!"
128147 Points Posted on 27 September 2020
Now, the TDS rate is 7.5% (14/05/20 to 31/03/21)
463 Reply
On 27 September 2020 at 13:31


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