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 Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
