Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

tds on rent

Student (m) (22 Points)

19 August 2019

Is there a way to aviod tds deduction (by a company) from rental income, when overall yearly income wont be taxable.

Reply
Follow
Share

2 Replies

Amit Agarwal (Sr. Manager - Accounts) (51 Points)
Replied 19 August 2019

1. The landlord can give declaration u/s 197A for non-deduction of TDS on rent to be received by him.

2. No TDS to be deducted where the amount of rent does not exceed Rs. 180000/- during FY.

1 Like

Kapadia Pravin (17249 Points)
Replied 19 August 2019

---
Provided that no deduction shall be made under this section where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed 9[two hundred and forty thousand rupees] :

1 Like