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tds on rent
dear all, mr. y pay rent of rs. 80000 on which cgst 9%& sgst 9% rs. 7200 each . i want to know how much tds to be deposited? how an entry to be made? pl. help
Replies (5)
No TDS on rent payment upto Rs.1,80,000/- PA u/s. 194I
If the rent paid is per month........ and GST are seperately billed..........
TDS to be deducted on rent payable i.e. on Rs. 80,000/- @ 10%.
Sir its p.m. rent, &How input credit to be claim
Your building owner is registered then get taxable receipt /invoice also they ll be shown it their GSTR 1.
In case they URD you ll be pay Tax under RCM. then you can show in your return. the provision is available in return....
In case they URD you ll be pay Tax under RCM. then you can show in your return. the provision is available in return....
TDS deduct on basic value
since the rental payment exceeds rs. 50000/- per month and the payer is either individual or huf, TDS to be deducted @ 5% of total rent paid during the p.y. in the last month of p.y. or last month of tenancy and the TDS amount shouldn't exceed the monthly rental amount
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