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
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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