Tds on rent paid for employee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2012 Sir,
A private limited is provides Rent free Accommodation to its employee. For the purpose the company has taken a building on Rent. Rent Amount is exceeding Rs. 180000/- p.a.
please tell me which head of TDS would be applicable on above transaction. (TDS on salary or TDS on Payment of Rent or Both)

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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23 August 2012 Both Case.
Under 194I to be Deduct on Landlord Rent Portion.

Under 192 Salary Head, Take Out Requisite Value of Rent Free Accommodation, & Add in CTC & accordingly Taxable.