we are company ,Whether tds required to made on rent paid of house for 6 months amounted to Rs 145000 in dec 2016 ?
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Tds on rent
Replies (6)
As per section 194I, TDS on rent has to be deducted only when aggregate amount paid or to be paid or credited or to be credited exceeds Rs 1,80,000/- during the year. (That too per owner)
TDS on rent is not applicale to your Company as the amount of rent paid/credited per FY is less than Rs.1,80,000.
As per sec 194I, TDS is applicable if rent paid or credited in a financial year exceeda Rs. 1,80,000. In this case, as the amount exceeds
As per sec 194I, tds is applicable @ 10% if the rent paid or credited exceeds Rs. 1,80,000. In this case, the amount does not exceed the threshold. Thus, TDS is not applicable.
Adding to the remarks above, it is to be considered whether your rent payable for the financial year ending 31st march 2017 will cross the INR 180000 threshold or not?
If it will, then TDS is to be deducted starting now, and in case it won't , no deduction is required.
thanx all as per all ur feedbacks i got to know that tds is not require to make because i m paying rent for 6 months and next 6 months will come after 31 st march 2017
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