banner_ad

About tds working

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 September 2014 Dear All
I have Aquery regarding Tds On monthly rent of Rs 20425 for a office use,in casue of a company it is a it company.
psl sugest me for its tds liability...
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
23 September 2014 Since threshold limit of Rs 1.80 lacs p.a is crossing TDS required to be deducted by the payee u/s 194I @10%. If the payee is Individual / HUF and Tax Audit was not applicable for previous Financial Year then TDS deduction is not mandatory.
Profile Image

kunal nawani

Profile Image

kunal nawani (Querist)
25 September 2014 Dear Sir,
One More Thing that limit Of 180 Is For Every Financial Year ????????I Mean From Next Financial Year ill continue to charge tds on monthly basis,or again ill wait for crosing this limit.......?
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
07 October 2014 yes this limit is for one year.

this limit is also available in next year also.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
07 October 2014 As clearly written limit is Rs 1.80 lacs per annum.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details