Tds on rent for fy 2015-16
is tds deduct on rent of property for FY 2015-16 if it is above 180000 ???
Replies (5)
Dear Rushabh,
If the rent value is at Rs. 180000/- or above 180000/- then you need to deduct TDS @ 10%.
See Section 194I for understanding.
Agreed with hayedar
Thank you
But i heared dat no tds deduct on property for fy 2015-16. So just confirm dat
Dear Rushabh,
Till date, no such notification has been received from Income Tax Department.
Therefore, you are liable to deduct the TDS @ 10%.
Ya thank you for your advise
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