wat is the rent amount above which tds has to be deducted for a financial year and form26qc to be filed
4 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 16 October 2018
If rent is monthly 50 k or above then TDS @ 5% on total rent.
rahul
(a)
(1620 Points)
Replied 16 October 2018
10% (5% if rent exceeding Rs 50,000 / month is paid by individual/HUF who are not liable for tax audit)
rama krishnan
(12244 Points)
Replied 16 October 2018
if the annual rent payable exceeds 180000 then tds has to be deducted provided that it does not apply to indl and huf who doesn't fall under the purview of 44ab. IN case of tax audit indl and huf, tds to be deducted if monthly rent paid or payable exceeds 50000 @ 5%
neha
(Others)
(420 Points)
Replied 17 October 2018
so i m filing returns using itr1 and am salaried then the house i rent out if i get abt 30k on it per month, is there tds deducted on it or not?
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