Tds on rent income.
This query is : Resolved
24 August 2013
Threshold limit for TDS on Rent is 180000/-.
While considering 180000 whether income from any other source is also included. For ex. suppose One have income from Business Rs. 550000/- and Rent income is Rs. 120000/-. Whether Tax will deducted on Rent Income?
While considering 180000 whether income from any other source is also included. For ex. suppose One have income from Business Rs. 550000/- and Rent income is Rs. 120000/-. Whether Tax will deducted on Rent Income?
24 August 2013
No tds would not be deducted only rental income is considered to determine applicability of TDS...........
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24 August 2013
if payment/provision of rent exceed 180000, then TDS is to be deducted by the payer.
No other income to payee should be considered while taking threashhold limit of 180000
No other income to payee should be considered while taking threashhold limit of 180000
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24 August 2013
Thank you Very Much........
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