Tds on rent of office

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2017 Dear Experts.
The threshold limit u/s 194I is 180000 pls let me know is there any single payment limit for the same?

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Ankit pathak

09 September 2017 There is no single payment limit in sec.194I. Its total amount yearly Rs.1.8 Lakhs

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2017 Sir for land & building what is the TDS % u/s 194I for FY 2017-18


09 September 2017 Normal TDS rate is 10%
From 1.6.2017,individual /HUF (not covered under Tax Audit) paying rent to a resident exceeding Rs 50,000 per month are also liable to deduct TDS @ 5%.This is amendment from 2017 budget



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