Tds on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2013 I want to know about what amount exceed on payment of rent than liable to deduct tax ?

26 December 2013 Refer 194I of income tax act.

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Guest (Expert)
26 December 2013 If the rent is above Rs 180000 then liability to deduct TDS arises.


26 December 2013 Agree withe Experts.

Pl refer:

http://www.charteredclub.com/tds-rent/

Thanks//VaibhavJ

26 December 2013 180000 is the threshold limit under section 194I
.
.
if you are paying rent to co-owner every co-owner can get 180000 threshold limit



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