Hi,
I have a client who own a outlet in Mahatma Gandhi Bus Station(MGBS).
He is paying a rent of 142000 per month, and he is not coming under tax audit(44AD)
Now my question is, do he need to deduct TDS on rent that he is paying to TSRTC.
Please help me on thus with related section.
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TDS On rent for TSRTC
Replies (1)
You need to deduct tds under section 194-IB @ 5% if u r paying rent above Rs.50000 per month
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