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.
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.
I think query is in respect of individual only.
Individual personal is not liable to deduct TDS on rent paid.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
