Tds on rent 194i

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CA
755 Points Joined November 2011

Hi,

I just wanted to know for AY 11-12, if Rent paid for the year is Rs 180000 i.e Rs 15000 per month, will TDS be applicable? Or is it like it should be above Rs 180000 i.e Rs 180001 onwards for TDS to be applicable?

Mohit

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On 10 April 2012 at 13:09 Report
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studying final
830 Points Joined December 2007

For the Fy 2011-12 , upto 180000 no need to deduct tds on rent as par as i know

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On 10 April 2012 at 13:22
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CA
755 Points Joined November 2011

So only for 180001 and above TDS needs to be deducted right?

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On 10 April 2012 at 13:25
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studying final
830 Points Joined December 2007

yup that is correct. only above 180000

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On 10 April 2012 at 13:28
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studying final
830 Points Joined December 2007

is it for FY 10-11 or FY 11-12? because upto june 30, 2010 rental limit is 120000 only thats why

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On 10 April 2012 at 13:33

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