11 May 2016
I am confused regarding TDs deduction for individual status who is not having tan no.
for eg A pays annual rent Rs 2,40,000 to B . whether A has to deduct tax .as both of them are individual and not having tan number. maximum available limit for tds on rent is above Rs 180000 .
plz kindly solve my query with proper and simple way.
11 May 2016
If the landlord has NO business/ professional receipts exceeding one crore/ 25 lacs in last year, NO need to deduct tax from rent in this year.
CAclubindia
