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TDS deduction rate and section confirm

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04 June 2022 One Taxpayer turnover is 30 lacs in a year.
He is an individual Indian resident. He is a propreitor and not liable foe audit also. He has taken one gala or industrial place for his business (works contract). He pay monthly rent to landlord Rs. 40000/- .
So my question should he need to deduct TDS on rent payment.

If yes then suggest under which TDS section???? Please answer my query on urgent basis.

Thanks

04 June 2022 No need for TDS on such a case.

04 June 2022 No, TDS is required to be deducted.
If the rent paid was more than Rs. 50,000 per month then TDS deduction was required u/s 194IB


07 June 2022 THANK YOU CA R SEETHARAMAN AND CA Puja Sharma






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