TDS on rented apartment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2010
If rented to an individual indian resident,is it mandatory for the tenant to deduct TDS and if there are any minimum threshold and what is the rate of deduction .The landlord is a PIO.
25 May 2010
YES TDS IS REQUIRED TO BE DEDUCTED IF THE AMOUNT EXCEEDS THRESHOLD LIMIT U/S 194I.
PRESENT THRESHOLD LIMIT IS RS.120000/- P.A.
W.E.F. 01.07.2010 NEW LIMIT RS.180000/- P.A.
RATE OF TDS 10%( IF PAN GIVEN BY DEDUCTEE)
OTHERWISE 20%
PRESENT THRESHOLD LIMIT IS RS.120000/- P.A.
W.E.F. 01.07.2010 NEW LIMIT RS.180000/- P.A.
RATE OF TDS 10%( IF PAN GIVEN BY DEDUCTEE)
OTHERWISE 20%
25 May 2010
agreed ,
PIO ?
PIO ?
25 May 2010
TDS rules does not apply to an individual unless he is subject to tax audit in the immedialty preceeding PY.
Message likes :
1 times
25 May 2010
agreed With mr. Dua.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2010
I wish to confirm that I am a Person of Indian Origin and also Non Resident and read that it is the onus of the tenant to deduct TDS @30.9% since I am the landlord.Is this true
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