in fy 18-19
rent paid 20000 pm
and anualy is 240000
so tds deducted or not
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tds regarding on rent
Replies (2)
From FY 2019-2020 onwards, TDS is not applicable for the rent amount upto 2,40,000 for the FY as per the latest budget. However for the FY 2018-19, if it exceeds 1,80,000, TDS is applicable at the rate 10% (assuming rent is paid out of using land/building)
Yes, tdswill be deducted
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