Dear All, can any body tell me that is there any rule not deduct TDS on Building Rent. if land lord give us any certificate like form 18, 16 etc. Rajan Mishra
From India
Acknowledge(0)
Amend(0)
From India
Acknowledge(0)Amend(0)
There is a provision under Section 197 of the Income Tax Act for obtaining a certificate from the Assessing Officer of the I.T. Department to not deduct tax at source on rent or to deduct at a lower rate for buildings let out for commercial use. The landlord (building owner) has to apply for this certificate in Form 13 to the concerned I.T.O. and obtain a certificate. Based on this, the tenant will not deduct tax on rent. This certificate must be obtained every year. This provision is not applicable for buildings let out for residential use. The current limit of rent is 1,80,000/- per annum (increased from 1,20,000 to 1,80,000 during this year).
From India, Hyderabad
Acknowledge(0)Amend(0)
10From India, Hyderabad
Acknowledge(0)Amend(0)
Thanks both of you. Please tell if I am paying Rs. 22500/- per month as building rent (Business purpose). Is there any norms not deduct TDS if Land lord give me any certificate related to IT.
From India
Acknowledge(0)Amend(0)
From India
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income tax and form 16.xls
Insurance Linked Voluntary Payment of Income Tax Act 2009.doc