Rent payment per month exceeds 50000/- per month . Two owners are there
One Owner is Resident & another
Owner of the property is non resident.
1.Is Tds applicable ?
2.Do we need TAN ?
3.What if NRI has no PAN ?
These three queries are independent
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Tds on Rent 26QC
Replies (2)
As per Sec 194 I tds is applicable.
It's above threshold limit of rs.2.4lacs annually. Resident individual paying rent are liable to deduct tds from the landlord. The landlord must hv a pan.
It's above threshold limit of rs.2.4lacs annually. Resident individual paying rent are liable to deduct tds from the landlord. The landlord must hv a pan.
Kindly refer 194IB and answer it again.
Above answer is wrong for present query.
I have mentioned in the title as 26QC
Above answer is wrong for present query.
I have mentioned in the title as 26QC
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