Dear Sir
Annual rent Is Rs.3 lac 50thousand
so please suggest Need to deduct TDS or not
9 Replies
hemant sharma
(141 Points)
Replied 11 March 2022
Only in case of individual whose books of accounts are required to be audited
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 11 March 2022
Audit is not required..You may need to file ITR
Naveen Kumar
(729 Points)
Replied 11 March 2022
Sir, i am asking we have hire godown on rent so can we need to deduct TDS on Godown owner Annual rent amount 3.50 Thousand
hemant sharma
(141 Points)
Replied 11 March 2022
No requirement of deduction of tds if per month rent not exceed 50000 p.m.
sabyasachi mukherjee
(27589 Points)
Replied 12 March 2022
How is the landlord accepting payments?
Cash or bank.
rental receipt is being given or not.
Cash or bank.
rental receipt is being given or not.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 12 March 2022
If you are liable to audit in teh previous FY then TDS have to be deducted at the time of payment of rent @ 10% u/s 194I
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 12 March 2022
Especially in the case of Tds on rent , there different rates for Audit & Non Audit cases ..
You have to confirm whether you are Individual of salary or business entity
You have to confirm whether you are Individual of salary or business entity
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 March 2022
If you are salaried category then Tds is not applicable ..
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