Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
Sir,
I am an Individual and Salaried person having income of 8 lacs.
I am paying INR 192,000 as Rent. Should i need to deduct TDS?? Exemption limit is 180,000 in 194I.
I have no other income except salary income 8 lacs.
Thanks
I am an Individual and Salaried person having income of 8 lacs.
I am paying INR 192,000 as Rent. Should i need to deduct TDS?? Exemption limit is 180,000 in 194I.
I have no other income except salary income 8 lacs.
Thanks
22 August 2012
u not require to deduct TDS..
194 I tds liability for individul when arise when his books of accounts come under tax audit..
so in your case that not applicable..
so u not require to deduct TDS..
194 I tds liability for individul when arise when his books of accounts come under tax audit..
so in your case that not applicable..
so u not require to deduct TDS..
22 August 2012
NO, you don't need to deduct TDS. it is only for businessman whose books are to be audit u/s 44AB. you are indivual salaried person. this is not applicable on you
Guest
Guest
(Expert)
22 August 2012
TDS provisions are not applicable in your case.
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