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Deduction of TDS on rent paid

09 April 2019

If the Assessee is covered under section 44AB (TAX AUDIT)
and has paid rent to various party

1st party : 190000
2nd party : 160000

On which amount are we required to deduct TDS?

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6 Replies

Sundram Pillai (student) (269 Points)
Replied 10 April 2019

Only in case when rental amount is equal to or more than Rs. 1,80,000/- per annum; as in first case here.

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Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 10 April 2019

not required to make TDS as total payment to each party is not exceeding 240000RS. it is party wise and not on total basis to all parties

CA Shikha Sharma (Ceo) (3869 Points)
Replied 10 April 2019

Tds will be deducted on the amount if the property is outside india

1 Like

Sethu Raman (160 Points)
Replied 10 April 2019

TDS on rent exceeding Rs.2.4L w.e.f 1.4.2019 only,applicable to FY 2019-20.
For FY 2018-19,the TDS on rent limit is 1
.8 L only

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CA Shikha Sharma (Ceo) (3869 Points)
Replied 10 April 2019

TDS on rent exceeding Rs.2.4L w.e.f 1.4.2019 only,applicable to FY 2019-20.
For FY 2018-19,the TDS on rent limit is 1
.8 L only
but it's not revised

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Neha Pahuja (127 Points)
Replied 10 April 2019

As budget 2019, tds on rent is applicable if rent paid exceeds 240000 during the financial year...if you want to deduct for FY 19-20 onwards no TDS deductible in both of the cases..but if TDS deductible is for period prior to 19-20;limit is 180000 ...so for in above case TDS will be deducted only on entire amount of 190000 ..and no TDS in second case

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