Assuming Mr. A pays rent of ₹ 65,000 per month for his rented house at Mumbai to Mr. C, a resident individual, is Mr. A liable to deduct TDS on such rent. If so, what would be the rate and amount of TDS?
A. Yes, Mr. A is liable to deduct TDS @5% amounting to ₹ 3,250 every month ie., at the time of payment of such rent
B. Yes, Mr. A is liable to deduct TDS @10% amounting to ₹ 6,500 every month ie., at the time of payment of such rent
C. Yes, Mr. A is liable to deduct TDS @5% amounting to ₹ 39,000 in the month of March 2021
D. No, Mr. A is not liable to deduct TDS, since he is not required to get his books of account audited under section 44AB
Answer:C
Assuming Mr. A pays rent of ₹ 65,000 per month for his rented house at Mumbai to Mr. C, a resident individual, is Mr. A liable to deduct TDS on such rent. If so, what would be the rate and amount of TDS?
A. Yes, Mr. A is liable to deduct TDS @5% amounting to ₹ 3,250 every month ie., at the time of payment of such rent B. Yes, Mr. A is liable to deduct TDS @10% amounting to ₹ 6,500 every month ie., at the time of payment of such rent C. Yes, Mr. A is liable to deduct TDS @5% amounting to ₹ 39,000 in the month of March 2021 D. No, Mr. A is not liable to deduct TDS, since he is not required to get his books of account audited under section 44AB