TDS on Rent paid

This query is : Resolved

Ramachandran (Querist)
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24 June 2009 I am paying Rent for three premises to three different parties for Office Space. The Rent paid are @7100/-, 3600/- and 8600/-. Di have to deduct TDS on the Rent Paid?

Guest

Guest (Expert)

24 June 2009 No need to deduct TDS on such payments, because Assessee is liable to deduction of TDS on rent when rent payment is equal to or more than Rs.1,20,000/- P.A, but in your case you paid 1st party for sum of Rs.85200, 2nd party for sum of Rs.43200/- and 3rd party for sum of Rs.1,03,200/-. Hence, no need to deduct any TDS on these payments.

If you need further clarification revert back to me.