I indivisual paying rent of Rs 20,000/- per month making total rent of Rs 2,40,000/- ( two lakh forty thousand per year)..........................to an indisual against his house taken on rent..............is there need to deduct any TDS or not
Menu
Tds for indivisuals to indivisuals
Replies (2)
Yes, if the individual/tenant who is liable to audit as per the provisions of section 44AB of the Act during the financial year immediately preceding the financial year shall be liable for deduction of tax at source on rent by him.
but not if the rent is for a residential property and not being claimed as a business expense.
Recent Threads
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
Related Threads
CAclubindia
