Menu
TDS under Sec 194IB
If I pay Rent of exact Rs. 50000 per month for commercial property, then am I required to deduct Tax?
Replies (3)
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
My rent is Rs. 50000 plus GST , I should deduct TDS , Right??
For TDS calcualtion GST is not considered, when seperately billed or mentioned.....
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
