Menu
TDS on building rent ?
I'm registered individual paying Rent 40000 per month can I liable to deduct TDS on rent payment
Replies (7)
Not required to deduct as per 194-IB
TDS should be deducted under section 194I as it exceeds threshold limit of 240000 rupees in a FY
If you are not liable for audit u/s 44AB, then not required else required to deduct tax at source u/s 194I @ 10%
If you have turnover exceeds Rs. 1 Cr in PY then TDS is required to be deducted.
SEC 194 I threshold LIMIT is essential.
Agree with poornima ji.
Agree
Recent Threads
- ITR e-verified but not under processing for 5 mont
- Loan from NRI to OCI card holder
- Buy back of capital goods
- Foreign professional income.
- RCM Paid by NBFC
- TDS not deposited by the deductor
- Assessmet Procedure us 147
- My deduction under 80 g is wrong and I should have
- GST utility 3.2.3 json not generating
- SCh FA declaration - guidance on the filling of th
Related Threads
CAclubindia
