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  1. taxguru.in › income-tax › section-194ib-tds-rent-paid-individual-hufSection 194IB – TDS on Rent paid by Individual / HUF - Tax Guru

    Jul 29, 2019 · Ans: Section 194IB of the Income Tax Act, 1961 requires the individual / HUF, who are not required to gets their account audited, to deduct TDS in case the rent amount exceeds INR 50,000 per month or part thereof.

  2. cleartax.in › s › section-194i-tds-on-rentSection 194I - TDS on Rent - ClearTax

    Jul 4, 2024 · TDS for Rent - Section 194I of the Income Tax Act which refers to TDS deduction for rental income. Check out to understand its application and compliance to manage rental income.

  3. taxguru.in › income-tax › tds-payment-rent-rs-50000-month-individuals-hufsTDS on Rent payment of More Than Rs. 50000 P.M. By Individuals/...

    Oct 24, 2018 · This section requires that every individual and HUF paying rent more than Rs. 50,000/- per month (or part of a month) for the use of any land or building or both, need to deduct TDS at the rate of 5%.

  4. tax2win.in › guide › section-194i-tds-on-rentTDS on Rent - Section 194I, 194IB & 194IC Under Income Tax Act

    Jan 16, 2024 · Section 194I of the income tax covers TDS on rent. It imposes an obligation for TDS deduction on persons (other than individual/HUF who are not subject to audit) making rental payments to resident Indians above a specified limit, i.e., Rs.2,40,000 in a year.

  5. taxguru.in › income-tax › section-194i-tds-rent-analysisSection 194I TDS on Rent – Analysis - Tax Guru

    Jul 6, 2021 · The person (not being an Individual or HUF) who is responsible for paying any income to a resident by way of rent is liable to deduct tax at source.

  6. cleartax.in › s › section194ib-194ic-under-income-tax-actWhat are Sections 194-IB and194-IC Under Income-tax Act? -...

    5 days ago · What does Section 194-IB Specify? According to Section 194-IB, it is mandatory for any person, i.e. individuals / HUF not liable to audit u/s 44AB, to deduct taxes for rent paid to a resident exceeding Rs 50,000 per month.

  7. www.caclubindia.com › guide › tds-on-rentTDS on Rent: Understanding Section 194I, 194IB and 194IC

    Jun 11, 2024 · TDS on Rent under Section 194I mandates non-individual and non-HUF payers to deduct tax at source when paying rent, with a threshold of Rs 2,40,000 for FY 2024-25. Individuals and HUFs under tax audit must also comply.

  8. taxadda.com › tds-on-rent-section-194ib-individual-hufTDS on Rent by Individual/HUF - Section 194IB - TaxAdda

    Apr 5, 2018 · This section requires certain individuals or HUF to deduct TDS on rent paid for the use of any land or building or both. Persons required to deduct TDS under Section 194IB Individual and HUF who are not required to get his books of accounts audited under section 44AB due to the turnover or gross receipts not exceeding Rs 1 crore or Rs 50 Lakh ...

  9. news.cleartax.in › what-is-the-tds-provision-for-rent-paid-by-individuals-aboveWhat is the TDS provision for rent paid by individuals above Rs...

    Jul 20, 2021 · Every individual paying monthly rent above Rs 50,000 to the landlord should deduct TDS on rent. This is specified under Section 194IB of the Income Tax Act. This section is also applicable to HUF, which pays rent above Rs 50,000 to a landlord.

  10. groww.in › p › taxSection 194I - TDS on Rent, Calculate TDS on Rent - Groww

    According to Section 194I, an individual who pays rent is subject to tax deduction at the source. One must note that TDS can be deducted when the amount of tax to be paid or received in a given fiscal year is over Rs. 180000.