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TDS on RENT paid 194I

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292 Points Posted on 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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On 27 February 2020 at 08:52 Report
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CFO- at NHTF
58280 Points Posted on 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
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On 27 February 2020 at 09:52
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Article Assistant
54 Points Posted on 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.
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On 27 February 2020 at 12:45
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12244 Points Posted on 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
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On 27 February 2020 at 23:50
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CFO- at NHTF
58280 Points Posted on 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
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On 28 February 2020 at 07:35


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