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TDS on RENT paid 194I

27 February 2020

Sir, I have a partnership firm we pay rent around 3lakhs per month of which the rent is paid to different parties which sum up to 3lakhs. My question is whether we are liable to deduct TDS or not as we are not paying rent to one party only?? kindly reply..
Note : in case of building..
Thank you

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4 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 27 February 2020

Liable to Tds .You must deduct tax on each party @ 10%..

No of parties is not a criteria to deduct tax but total rent per person per annum is relevant

Vishal khamesara (Article Assistant) (54 Points)
Replied 27 February 2020

For deduction of TDS u/s 194I, you only need to be confirmed that every land owner to whom you are with agreement to pay of more than 2.4 lakh rs., only that persons rent must be paid only after deducting of TDS.
There is no relation with YOUR total Rent payment accumulated for TDS.

rama krishnan (12234 Points)
Replied 27 February 2020

If aggregate rent paid to any person exceeds rs. 2.4 lakhs then you are liable to deduct TDS if not there's no liability to deduct TDS

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 28 February 2020

Aggregate of the amount of rent credited or paid or likely to be credited or paid during the financial year exceeds Rs.240,000/-.

It's total per annum and per person