excuse me amol gopal kabra sir if the entry of rent is done in current yr then Tds has to be deducted on advance payment also (If in case the asseesseee is governed by 44AB)
TDS on Rent
Page no : 2
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 11 December 2009
I agree with you.. but in absence of any specific information in that regard, it was assumed that the payments shall be on monthly basis. If the payment is in advance and it exceeds the threshold limit, then tds is applicable.
Shamita
(Learner)
(410 Points)
Replied 14 January 2010
If we have taken two separate buildings on rent from same person. Does TDS provisions apply to payment to single person for Rs. 120000 p.a. or for per building. Please clarify and thanks.
Rakesh Jain
(Businessman)
(456 Points)
Replied 14 January 2010
Dear Shamita,
The Provision will apply to payment to single person more than 120000/-.it dosent make any diff. wheather buildings are two or more.
MITU....
(ARTICLE Assistant)
(210 Points)
Replied 15 January 2010
yes shamita answer given by Rakesh Jain is correct
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