Godown rent tds appliciblaty

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plese clearfiy tds deduct limit of shop godown rent
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Yes, TDS u/s. 194 I of IT act....

  • The person (not being an Individual or HUF) who is responsible for paying of rent is liable to deduct tax at source. Individuals and/or HUFs who are subject to tax audit are under an obligation to deduct the tax at source.
  • TDS threshold for deduction of tax on rent is Rs 2,40,000 for the FY 2022-23
Its 240000 per annum


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