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TDS ON RENT
whether TDS on rent is to be deducted on house rent which is 300000 p.a.if he is covered under audit preceding year?
Replies (8)
As per Section 194I of IT act........ (liability of individual tenant to deduct TDS if he was liable to tax audit in preceeding year)
assuming individual HUF ...
agreed with Expert
agreed with Expert
so assesse is liable to deduct though the payment is in personal nature?
assuming individual HUF ...
agreed with Expert
agreed with Expert
so assesse is liable to deduct though the payment is in personal nature?
assuming individual HUF ...
agreed with Expert
agreed with Expert
| so assesse is liable to deduct though the payment is in personal nature? | ||
Yes, being individual (no difference as such)
Where tenant is individual or Hindu Undivided Family
Deduction is not required under Sec. 194I if the amount is paid or payable by an individual or Hindu Undivided Family. If : (a) the individual/HUF is not to carrying on any business/profession or (b) individual/HUF not liable to tax audit in preceding year
Refer: https://www.caclubindia.com/experts/tds-on-rent-for-personal-use-of-house-1007789.asp
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