tds on rent 194

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accountant
68 Points Joined February 2017
sir hum 2 director hai dono resident rent par hai rent is 65000 p.m kitna % tds katega....kis section main cutega
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On 30 April 2019 at 19:47 Report
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GST Practitioner & Accounts
15045 Points Joined March 2014

Are you having  TAN  no of income tax Dept   to deduct  TDS ?. Because TAN no is must  to deduct TDS . please confirm 

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On 30 April 2019 at 21:15
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accountant
68 Points Joined February 2017
yes we have tan..
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On 02 May 2019 at 19:21
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15 Points Joined February 2019
tds is to be deducted @ 5% on annual rent in the last month of payment or on the termination of the contract. tds to be deducted in the last month in your case is (65000*12*5%) i. e. 33000 . last month payment of rent is 32000.
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On 04 May 2019 at 12:07


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