tds regarding on rent
Shivam Pandey (37 Points)
24 June 2019rent paid 20000 pm
and anualy is 240000
so tds deducted or not
Shivam Pandey (37 Points)
24 June 2019
CA Navya Tejas
(Chartered Accountant)
(132 Points)
Replied 24 June 2019
From FY 2019-2020 onwards, TDS is not applicable for the rent amount upto 2,40,000 for the FY as per the latest budget. However for the FY 2018-19, if it exceeds 1,80,000, TDS is applicable at the rate 10% (assuming rent is paid out of using land/building)
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