22 February 2011
hello friends. here i came up with a problem on TDS on Rent and i m sharing it with u please reply . there is a salaried employ whose salary is more than Rs. 50 Lacs and he's paying rent Rs. 9 Lacs in the P.Y. and whether he has any liability in the C.Y. to deduct TDS or not ?
22 February 2011
No he is not liable to deduct TDS as his income is neither professional or business income, so tax audit not applicable and TDS provisions also dont apply.
CAclubindia
