whether tds will be deducted on rent for residental purpose?
rgds
kk
tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)
28 October 2013whether tds will be deducted on rent for residental purpose?
rgds
kk
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 28 October 2013
if the tenant is individual or HUF, then not required. For other entities, TDS is to be deducted if the annual rent exceeds Rs 1.80 lakhs.