Tds under section 194 i (rent on property)

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Mohd Akbar (Querist)
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22 March 2013 Dear Sir,

Whether TDS deductible on rent of Immovable property paid Rs. 1,50,000/- in a single transaction ? However limit of Rs. 1,80,000/- is not crossed during the whole year. is there any criteria like 194C ?, where TDS is deductible in case paid excess of 30,000/- in single payment.

Sumit Grover

Sumit Grover (Expert)
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22 March 2013 There is no such limit under section 194I....It simply asks to deduct TDS when the rent(exclusive of service tax) exceeds Rs. 1,80,000 during the Financial Year.

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