Dear All, If i paid rent Rs 120000/- pa then tds required or not
TDS will be applicable on 1,20,001/-
According to sec 194I- tds on rental payment , you need to deduct tax on rent paid by you if, such payment exceed Rs 120000 p a..
TDS not applicable
TDS should not be deducted on the rent, if the annual payment =< 120000
no tds..
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