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Tds on rent
I am paying rent 16000p.m. to my father. Does tds deductible as it crosses 180000 but my father is not required for tax audit.. what should I do???
Replies (15)
Rent is being paid by you... so check is audit applicable for you...
Not on ur father
No TDS for residential purpose...............
Tds provisions in case of invifuals will be applicable if you are liable to audit of your accounts.
Tds is deductible provided rent payable in the fy exceeds 1.8 la
vs.
No need to deduct TDS
TDS is deductible U/s 194 I on rent payable by you if you are auditable U/s 44AB and if the summation of your rent for the whole financial year exceeds Rs.1,80,000/-
TDS NOT Applicable in ur case
TDS deductible.Whether it's a residential property or commercial.
Hi .
If you want to deduct tds on whatever amount before that you should have TAN.
hello agree with anand chaudhary
Thanks all of you for your response
I am also not covered under tax audit
I am a salaried employee
Please reply now
Thanks in advance
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