TDS under Sec 194IB
Anushree (student ) (37 Points)
08 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195703 Points)
Replied 08 July 2018
194-IB. (1) Any person, being an individual or a Hindu undivided family (other than those referred to in the second proviso to section 194-I), responsible for paying to a resident any income by way of rent exceeding fifty thousand rupees for a month or part of a month during the previous year, shall deduct an amount equal to five per cent of such income as income-tax thereon.
No TDS liability u/s. 194-IB, till rent upto Rs. 50,000/- PM
Anushree
(student )
(37 Points)
Replied 08 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195703 Points)
Replied 08 July 2018
For TDS calcualtion GST is not considered, when seperately billed or mentioned.....