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
From India
There is a provision under section 197 of the Income tax Act for obtaining a certificate from the assessing Officer of the I.T. Dept. for not deducting the tax at source on rent or to deduct at a lower rate for the buildings let out for commercial use. The Land Lord (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 the tax on rent. This certificate is required to be taken every year.This is not applicable for buildings let out for residential use. The present limit of rent is 1,80,000/- p.a.(raised from 1,20,000 to 1,80,000 during this year)
From India, Hyderabad
10From India, Hyderabad
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
From India
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TDS circular.pdf
Format--new TDS rates.xls
BASICS OF TDS ON SALARY-1.doc