Hello Professionals, I am a individual unmarried freelancer earning near 14lp filing ITR4 under 44ada.
This year I am planning to hire a person to help share my workload. I have a query regarding TDS. I will be paying him 15-20k per month. So do I have to deduct tds from his fee, since he will be earning 1.8-2.4 lpa which is under basic exempt income.
I have another query regarding Rent of the place.
I work from my fathers houses' 1st floor about 800sqft. what should be appropiate rent that I should pay. I am thinking about 15k per month. and also do i have to deduct tds on it? I read somewhere that TDS is to be deducted bysalaried people when monthly rent is 50k . so could I pay more than 15k per month without tds?
EDIT:I dont know if this is relevant but I will be paying rent and professional invoices though net banking not cash
Please guide me.
Thank You,
CAclubindia
