i am a hosewife having a property,given on rent to a
company which gives a rent of @10600 per month. the total
come 126000. the company wants to deduct tds. as my income
is less than 160000.i want to know the type of form
required to produce to the company to avoid deduction of
TDS.
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Answer / guest
as per section 194 I, TDS will be deducted by the party as
the rent paid by them is excess of Rs.1,20,000. but you may
submit the form 15G for non deduction of Tax to the Company
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / rajashekar
As per section 194 I
Tds on rent should be
done only if it crosses
Rs 180000 pa other
wise Tds not
applicable
| Is This Answer Correct ? | 3 Yes | 0 No |
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