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Vijay Mohan   10 June 2020

TDS ON RENT OF BUILDING

my client is not liable for Tax audit and paying rent Rs.56,000 PM. is he liable to deduct TDS @ 5% or 10% since the annual rent more than 2,40,000.


 4 Replies

Mr. Mad Total mad

Mr. Mad Total mad   10 June 2020

FDIC luck TV AC IBM ugh IBM IBM IBM hmm hmm thx IBM
Sushil

Sushil (Accountant)     10 June 2020

Yes pay tds 5%.
single Form cum challan to be filed in last month of tenancy or ending of last month of financial year.
ms400708@gmail.com

ms400708@gmail.com   10 June 2020

TDS is deducted @ 5% under section 194-IB since Rent exceeds ₹50,000/- p.m.
Padmanabhan

Padmanabhan (Student)     10 June 2020

Deduct tax @ 5%

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