Tds on rent

24 January 2019

Monthly Rent = 14800/-

Yearly = 177600/-

My owner is in need of some funds, so i am paying him extra two months rent.

So my yearly rent amounts to 2,07,200/-

Should i have to dedcut TDS in this scenario.

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5 Replies

Sarath Rajendran (Nil) (2791 Points)
Replied 24 January 2019

No need to deduct TDS

shrenik NAHAR (23 Points)
Replied 24 January 2019

But TDS is applicable on rent above 180000 yearly

Sarath Rajendran (Nil) (2791 Points)
Replied 24 January 2019

Monthly rent above 50,000 ordinary person will liable to deduct TDS other wise No need to deduct tax

shrenik NAHAR (23 Points)
Replied 23 April 2019

Ordinary Person Here Means ?

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 23 April 2019

Rent by Individual / HUF if exceeds Rs. 50,000 per month then only TDS @ 5% is to be deducted.

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