Menu
tds on rent
hi can anybody tell me if i paid rent rs 16000 per month in f.y. 2018-19 and i know my annual rent amount will exceeds of rs 180000 in f.y. 2018-19 so in that case will i deduct tds from every month rent amount????? plz reply ....
Replies (5)
Yes you need to deduct TDS @ 10% every month u/s 194-I
ok and sir if i pay rent in any month below rs 50000 and i come under provison rs 50000 per month for tds rent in that case i donot deduct tds in that particular month in which month my rent amount is below than rs 50000.... am i right sir???? plz reply me....
Are you a partnership firm or Individual?
Sir,
As per my understanding tds for rent paid u/s 194I is applicable to individuals and HUF only if the monthly rent exceeds 50,000.
as for the annual limit of 1,80,000 is concerned it is applicable for all except (individual & HUF), but includes everyone covered under tax audit.
As per my understanding tds for rent paid u/s 194I is applicable to individuals and HUF only if the monthly rent exceeds 50,000.
as for the annual limit of 1,80,000 is concerned it is applicable for all except (individual & HUF), but includes everyone covered under tax audit.
who will be " individual / huf" in tds deduction for rent u/s 194IB whether tds deductor or tds deductee...plz reply....
Recent Threads
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
- Can a LLP Park money in MFs and do F&O
- ACCOUNTING TREATMENT FOR FIXED ASSETS STANDING AT
- GST Rule 14A and Form GST REG-32: Simplified Regis
- Filed Hotel commission from International Company
Related Threads
CAclubindia
