Hi
I am paying a house rent of 20000 pm, I have only income from salary. Do I need to deduct tax since the rent paid is in excess of 180000 pa ? Or this TDS of rent applicable only for rent paid for business pupose?
Thanks in Advance.
Menu
Tds on house rent
Replies (4)
No, TDS deduct only if u r get tax audit in P.Y
I think query is in respect of individual only.
Individual personal is not liable to deduct TDS on rent paid.
if you are individual or huf then no tds liability till a.y. 2017-18 unless your total income exceeds 1 cr. being salaried employee, no need to deduct tax
If rent payment exceeds Rs 50000 per month then you have to deduct tax irrespective of whether you are liable to tax audit or not. since in your case rent payment is Rs 20000 only a month no tds is required
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
