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Tds on income from house property

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(Querist)
12 April 2013 Hi All.. one query ..

supposing I am renting out a property to a company for lets say Rs 20000 per month

so this would make annual rental income 240000 .. now does this mean that under sec 194-I of income tax act, the tenant will deduct TDS % on only ( 240000-200000 = 40000 ) or will the TDS % be calculated on the full 240000 itself?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
12 April 2013 TDS will be deduct on full amount of rent paid.

OM SAI SRI SAI JAI JAI SAI
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
12 April 2013 Thus TDS shall be deduct on Rs. 2,40,000.

OM SAI SRI SAI JAI JAI SAI
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CA Parul Saxena

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CA Parul Saxena (Expert)
12 April 2013 yes TDS will be deducted on 240000.....
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Mayur

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Mayur (Querist)
14 April 2013 What is the minimum limit to deduct TDS for house property
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
14 April 2013 Rs.1,80,000 p.a If the rent paid exceeding or to be exceed Rs.1,80,000 then you have to deduct TDS.

OM SAI SRI SAI JAI JAI SAI
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