Dear All,
If i paid rent Rs 120000/- pa
then tds required or not
TDS on rent
aniket (Accountant) (561 Points)
01 June 2009
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 01 June 2009
TDS will be applicable on 1,20,001/-
CA.kaya
(Chartered accountant)
(3990 Points)
Replied 01 June 2009
According to sec 194I- tds on rental payment , you need to deduct tax on rent paid by you if, such payment exceed Rs 120000 p a..
CMA KNVV Sri Vidya - Sri Kanth
(C.A.Final (New) ICWAI FINAL (New))
(11269 Points)
Replied 01 June 2009
TDS not applicable
Sawan Negi
(Article)
(54 Points)
Replied 08 June 2009
TDS should not be deducted on the rent, if the annual payment =< 120000
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