Monthly Rent = 14800/-
Yearly = 177600/-
My owner is in need of some funds, so i am paying him extra two months rent.
So my yearly rent amounts to 2,07,200/-
Should i have to dedcut TDS in this scenario.
shrenik NAHAR (23 Points)
24 January 2019Monthly Rent = 14800/-
Yearly = 177600/-
My owner is in need of some funds, so i am paying him extra two months rent.
So my yearly rent amounts to 2,07,200/-
Should i have to dedcut TDS in this scenario.
Sarath Rajendran
(Nil)
(2791 Points)
Replied 24 January 2019
Monthly rent above 50,000 ordinary person will liable to deduct TDS other wise No need to deduct tax
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 23 April 2019
Rent by Individual / HUF if exceeds Rs. 50,000 per month then only TDS @ 5% is to be deducted.
CAclubindia
