excuse me amol gopal kabra sir if the entry of rent is done in current yr then Tds has to be deducted on advance payment also (If in case the asseesseee is governed by 44AB)
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TDS on Rent
I agree with you.. but in absence of any specific information in that regard, it was assumed that the payments shall be on monthly basis. If the payment is in advance and it exceeds the threshold limit, then tds is applicable.
If we have taken two separate buildings on rent from same person. Does TDS provisions apply to payment to single person for Rs. 120000 p.a. or for per building. Please clarify and thanks.
Dear Shamita,
The Provision will apply to payment to single person more than 120000/-.it dosent make any diff. wheather buildings are two or more.
yes shamita answer given by Rakesh Jain is correct
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