TDS on Rent
Hitesh rawal (402 Points)
20 April 2019
What if my Firm is non audit firm and my shop rent is 25000 monthy and i dont have any Tan No. so whats the rule applicable.
4 Replies
rama krishnan
(12239 Points)
Replied 20 April 2019
for firms whether covered under audit liability or not, if the aggregate payments by way of rent exceeds 240000 PA then TDS has to be deducted mandatorily
Jaspreet Singh
(Student)
(18 Points)
Replied 21 April 2019
not liable to deduct tax. (SECTION 194-I )
P M Panchal
(other)
(291 Points)
Replied 21 April 2019
For proprietorship non=audit firm TDS section 194-I not applicable; but for partnership firm its applicable.
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