Tds on rent income.

This query is : Resolved

MANOHAR MALI (Querist)
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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?

CA Parul Saxena

CA Parul Saxena (Expert)
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24 August 2013 No tds would not be deducted only rental income is considered to determine applicability of TDS...........

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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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

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MANOHAR MALI

MANOHAR MALI (Querist)
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24 August 2013 Thank you Very Much........