We have paid One Gust House Rent Rs. 5000/- P.M. to Mr. X
Please suggest us can we deduct TDS.
1 Replies
Ashish Chhawchharia
(Chief Manager Finance)
(38 Points)
Replied 25 May 2011
Since the montlhy rent is not more than the limit prescribed as per section 194 I of income tax act, the tds need not be deducted on rent payments. However if it exceeds the prescribed limit the tds U/s 194 I is applicable on the same
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