TDS on rent paid

This query is : Resolved

ssss (Querist)
Follow

05 February 2010 Hi,

I pay rent of Rs. 10,500/month by cash. Total yearly rent is Rs. 126000. I am salaried individual and claim HRA exemption on the paid rent. Since rent is more than 120000, shall I deduct TDS under section 194-I or any other section?

I have read many posts on this topic , but not able to understand it correctly. Somewhere it is mentioned that individual needs to deduct TDS only if books are audited under section 44AB. My income is less than 10Lacks/year.

Please suggest.

Thanks

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
Follow

05 February 2010 No, the section 194-I is not applicable to you being you are a salaried person.Need more clarification, call me at 09868826026.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

05 February 2010 You no need to deduct the TDS

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Srikanthan S

Jayanti Visani

Vishal Dave

Ahamed Kabeer

svgovindaraju

Subscribe Now

TDS on rent paid

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA