TDS on house rent - pan no.. CiteFin
CiteLegal
 
HOME RISE NEW ABOUT LOGIN
Home > Finance Sectors > Accounting

TDS on house rent

nangia Started The Discussion:

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

S.V.Krishnan - Member Since: Nov 2009
Yes- It is mandatory for your house owner to deduct TDS @ 10% of the rent- if its exceeds Rs 1,20,000 per annum

assikand - Member Since: Jul 2009
you had not made it clear, whether your tenant is a company, individual or HUF.

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.

guptarajin2002 - Member Since: Apr 2009
if tenant is HUF/Indivdual and covered under tax audit or a other person like comapny firm the tds on rent mandatory if yearly payment is >120000.

read more from here

TDS ON RENT 194-I NOT INCLUDING SERVICE TAX | SIMPLE TAX INDIA

branson07 - Member Since: Feb 2010
In online poker games and jouer casino, you can use it for House Rent!

Found This Useful? +Vote Up This Page Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.




Explore Topical Knowledge Areas

Interesting Relevant Discussions


DISCUSSSION STATISTICS


1564
VIEWS

4
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


3M Users, 100K+ Documents & 450K+ Discussions

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network