26 August 2014
I am getting monthly Rent of Rs.15,000/-(Commercial Organization) and Total Rental Income PA is Rs.180,000/- on Total Income i,e Rs. 180,000/- 30% Standard Deductions is applicable Rs.180,000 - Rs.54,000 = Rs. 126,000/- is Net Income. My query is whether on my Gross Total Rental Income i.e Rs.180,000/- TDS is to be deducted by the Rent payer