what is individual renter liable for if he does not deduct TDS on rent. In this case renter does not take deduction for rent.
3 Replies
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 22 October 2012
Hi
Individual renter is liable to deuct TDS only when he is Income is liable for Tax Audit.
Rgds//Vaibhav
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Pawan Mittal
(CA Final)
(711 Points)
Replied 23 October 2012
I don't agree with Vaibhav completely. But if rent payer is not getting any tax benefit of rent paid than he need not deduct TDS.
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 23 October 2012
Hi
Pawan i ddnt get you, what do you mean by benefit here?
Pl clarify..
Rgds//Vaibhav
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