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.
Menu
Tds on rent
Replies (5)
No need to deduct TDS
But TDS is applicable on rent above 180000 yearly
Monthly rent above 50,000 ordinary person will liable to deduct TDS other wise No need to deduct tax
Ordinary Person Here Means ?
Rent by Individual / HUF if exceeds Rs. 50,000 per month then only TDS @ 5% is to be deducted.
Recent Threads
- Income Tax filing returns
- What is the current situation of the global vegeta
- Pan Card - Change of record
- IND AS 116 / IFRS 16: The standard that changed th
- Closure of first level step down subsidiary in Mau
- E way bill for rejected and re sold goods.
- Supporting Documents Required for GST Notice on Cr
- Exporting USA made goods from India Back - Applica
- Foreign Dividend earn
- TDS on Salary deducted but not paid by the employe
Related Threads
CAclubindia
