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tds on rent

Himanshu (Self) (68 Points)

08 July 2017

dear all, mr. y pay rent of rs. 80000 on which cgst 9%& sgst 9% rs. 7200 each . i want to know how much tds to be deposited? how an entry to be made? pl. help

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176768 Points)
Replied 08 July 2017

No TDS on rent payment upto Rs.1,80,000/- PA u/s. 194I

If the rent paid is per month........ and GST are seperately billed..........

TDS to be deducted on rent payable i.e. on Rs. 80,000/- @ 10%.

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Himanshu (Self) (68 Points)
Replied 08 July 2017

Sir its p.m. rent, &How input credit to be claim

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 08 July 2017

Your building owner is registered then get taxable receipt /invoice also they ll be shown it their GSTR 1.
In case they URD you ll be pay Tax under RCM. then you can show in your return. the provision is available in return....

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 08 July 2017

TDS deduct on basic value

rama krishnan (12239 Points)
Replied 09 July 2017

since the rental payment exceeds rs. 50000/- per month and the payer is either individual or huf, TDS to be deducted @ 5% of total rent paid during the p.y. in the last month of p.y. or last month of tenancy and the TDS amount shouldn't exceed the monthly rental amount

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