Tds on rent

This query is : Resolved

NIKUNJ M GAJJAR (Querist)
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23 June 2014 Is an Individual liable deduct TDS on rent paid to Single person from different proprietorship firm if combined rent paid to single person from all proprietorship firms exceeds Rs. 180000/-?

Rupesh Jain

Rupesh Jain (Expert)
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23 June 2014 YES IF YOU MAKE PAYMENT TO ONE PERSON FORM DIFF.-2 PROP FIRM OF ONE PERSON THEN YOU HAVE TO DEDUCT THE TDS ON RENT IF AMOUNT EXCEEDS RS. 180000/- IN A YEAR.

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CA Rinkal

CA Rinkal (Expert)
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23 June 2014 as per the provision,

if the rent is being paid to a single person
by a single assessee, and the amount of rent being exceed from 180000, then TDS must be deducted

in your case the assessee is one, as the firm does not matter, because all are proprietor ship concern.

so your need to deduct TAX at Source

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