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Tds on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2017 If the limit of 180000 exceeds in January , whether the payee is liable to deduct tax for the entire amount or to the exceeding amount?
for example if a person paying rent on monthly basis and on Jan, his total amount of rent paid reached 180000. and march it is 220000. Then whether Interest on TDS would also liable to pay on TDS amount or we need to pay only TDS amount ????
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 March 2017 Deduct TDS for the entire amount. Pay only TDS amount, take care in filing TDS return.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2017 Sir there is any case law regarding this matter, if yes please share it...



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 March 2017 I have no case laws. Set the relevant flag in the earlier quarterly ​return.

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