Poonawalla fincorps
Poonawalla fincorps

Tds liability on rent

This query is : Resolved 

03 March 2014 If one time payment of Rent is Rs. 90000 but not exceeding of whole F.Y. Rs. 180000. In this situation Is TDS liability Deduct.

03 March 2014 TDS u/s 194-I is required to be deducted only if the ANNUAL amount exceeds Rs. 1.8 lakhs.

Since the annual amount DOES NOT exceed Rs. 1.8 lakhs, TDS is NOT required to be deducted.



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