IS it manadatory for my tenant to deduct TDS before paying me rent ? We agreed in the lease agreement for a monthy rent of 40000 per month but now the tenent is deducting 10 % TDS. sk
Any way, if your tenant is individual or HUF, then there is no need for him to deduct TDS. But, if your tenant is comapany, firm, etc having PAN No. & TAN No. then he is legally bound to deduct TDS if annual rental value of TDS exceeds Rs. 120000/- per annum.
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TDS ON RENT 194-I NOT INCLUDING SERVICE TAX | SIMPLE TAX INDIA
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