About tds working
This query is : Resolved
kunal nawani
(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...
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...
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.
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.......?
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.......?
Rupesh Jain
(Expert)
07 October 2014
yes this limit is for one year.
this limit is also available in next year also.
this limit is also available in next year also.
07 October 2014
As clearly written limit is Rs 1.80 lacs per annum.
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