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tds on rent
what is the limit for tds on rent???
Replies (11)
https://www.simpletaxindia.net/2017/04/tds-rates-chart-fy-2017-18-ay-18-19-tds-deposit-tds-return-due-dates-interest-penalty.H T M L?m=1
194 I - 180000 in a financial year
194 IB - 50000 per month
194 IB - 50000 per month
mam if i give rent under 194 I in the month march 2018 rs 14000 will I deduct tds on rent in f.y. 2017-18??? mam plz reply
No because neither you are covered under section 194I nor under section 194IB
ok mam if i paid rent from march 2018 of rs 16000 per month and i have paid rent till march 2019... under sec 194 I and in that case will i deduct tds in f.y. 2018-19???? My point is that under sec 194 I financial year means from april to march????Mam plz reply
Yes if total payment in f.y. 2018-19 exceed Rs. 180000 then you are required to deduct TDS as In your case total payment will be of Rs. 192000 so you are required to deduct TDS in 18-19
and mam if i paid rent in march 2018 rs 16000 then in f.y 2017-18 i donot need to deduct tds in f.y. 2017-18 as my rent amount doesnot exceed rs 180000....am i right mam???? plz reply mam
Yes because you paid 16000 only in a f.y.
ok thanks mam
Good answer
ஓ காட்....
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