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Tds on rent payment.
Good Morning.
I have taken a flat on rent @ Rs 21000/- per month. Flat is registered in two names (50 % each). Rent Rs 10500/- is being paid to bothersons separately.
Will TDS be decucted on rent?
Replies (4)
If you are residing in the rented flat for personal use then not required to deduct TDS.
Yes house is for personal use. But the rent is paid by my employer.
As you are going to pay 50% of 21000 to 2 different people, there is no question of TDS as the amount falls well within the limit of 180000 per annum.
No tds since rent is less than 180000
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