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All QuestionsCategory: Income Tax ConsultancyDEDUCTION OF TDS BY INDIVIDUAL
Profile photo of SUNNY WADHWASUNNY WADHWA asked 1 year ago

DEDUCTION OF TDS BY INDIVIDUAL

 
An individual asseese is having income under the head Salary, Income from

 
House Property and Income from Other Sources.

 
 

 
Such individual has taken on rent the residential premises from a Pvt. Ltd. Company

 
Rent paid is Rs. 100000/- per month which such individual gets deduction against

 
House Rent Allowance Received.

 
 

Query is:
Whether such individual is required to deduct TDS on such rent paid with reference 

 
to Section 194IB

 
 

 
Such individual is paying rent from 01/04/2017, for what period Tax is required to

 
be deducted whether w.e.f. 01/04/2017 or w.e.f. 01/06/2017

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1 Answers
Profile photo of Deepak Bholusaria, CADeepak Bholusaria, CA answered 1 year ago

Yes section 194IB is applicable w.e.f. 01/06/2017