TDS on building rent ?

21 June 2021

I'm registered individual paying Rent 40000 per month can I liable to deduct TDS on rent payment

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7 Replies

megha kothari (20 Points)
Replied 22 June 2021

Not required to deduct as per 194-IB

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 22 June 2021

TDS should be deducted under section 194I as it exceeds threshold limit of 240000 rupees in a FY

CMA Poornima Madhava (CMA) (13112 Points)
Replied 22 June 2021

If you are not liable for audit u/s 44AB, then not required else required to deduct tax at source u/s 194I @ 10%

Ankit Neema (2742 Points)
Replied 22 June 2021

If you have turnover exceeds Rs. 1 Cr in PY then TDS is required to be deducted.

1 Like

sabyasachi mukherjee (27717 Points)
Replied 23 June 2021

SEC 194 I threshold LIMIT is essential.

1 Like

Lotus Agrawal (Practice) (1361 Points)
Replied 24 June 2021

Agree with poornima ji.

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 14 July 2021

Agree

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