I read in a advertisement that a real estate promoter gives to the buyer of the residential apartment three years rent in advance by arranging a tenent.May I know the treatment of TDS - Rent in this case.I was told that the promoter collect rent subsequently fromthe tenent
1 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 09 February 2011
You have to deduct TDS U/S 194I if the threshold limit crossed to 1.80Lacs in a Year @ 10 % without E. or She cess.
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