Tag Archives: TDS on Rent

TDS on Rent of Property : Section 194IB: FAQs : Form 26QC & Form 16C

By | March 15, 2018

TDS on Rent Section 194IB of Income Tax Act What is TDS on Rent? The Finance Act, 2017 has introduced section 194-IB providing that Tenant of a property making monthly rent payment exceeding Rs 50, 000 is required to deduct tax at the rate of 5% from the rent payable to a resident landlord. Who… Read More »

TDS on Rent -Complete Guide

By | October 16, 2016

TDS on Rent TDS on Rent -Section 194IB w.e.f 01.06.2017 Read Section 194IB -TDS on Rent w.e.f 01.06.2017 in case of Individual and HUF not liable for Audit TDS on Rent -Section 194I Conditions to be satisfied for applicability of TDS on Rent [section 194-I ]  For applicability of TDS on Rent -section 194-I, following conditions… Read More »

No TDS on Rent if declaration in 15G/15H w.e.f 01.06.2016

By | May 19, 2016

Enabling of Filing of Form 15G/15H for rental payments for NIL TDS on Rent The provision of sub-section 194-I of the Act, inter alia, provides for tax deduction at source (TDS) for payments in the nature of rent beyond a threshold limit. The existing provisions provide threshold of Rs. 1,80,000 per financial year for deduction of… Read More »