Whether TDS deductible on rent of Immovable property paid Rs. 1,50,000/- in a single transaction ? However limit of Rs. 1,80,000/- is not crossed during the whole year. is there any criteria like 194C ?, where TDS is deductible in case paid excess of 30,000/- in single payment.
22 March 2013
There is no such limit under section 194I....It simply asks to deduct TDS when the rent(exclusive of service tax) exceeds Rs. 1,80,000 during the Financial Year.
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