RENT Rs.10,450/- P.M .TDS FROM APRIL2010 TO JUNE'2010
This query is : Resolved
ranjan chakraborti
(Querist)
06 January 2011
Sir,
Please let me know if TDS on rent would be applicable if rent was paid in April to June'2010 and rent payment from April'2010 to March'2011 is Rs. 10450/- p.m
Ranjan
Please let me know if TDS on rent would be applicable if rent was paid in April to June'2010 and rent payment from April'2010 to March'2011 is Rs. 10450/- p.m
Ranjan
06 January 2011
In my view yes.
TDS should be deducted as the threshold limit till 30.06.2010 is Rs 120000/- p.a.
and w.e.f. 01.07.2010 Rs 180000/- p.a.
So TDS should be deducted on Rs 31350/-
TDS should be deducted as the threshold limit till 30.06.2010 is Rs 120000/- p.a.
and w.e.f. 01.07.2010 Rs 180000/- p.a.
So TDS should be deducted on Rs 31350/-
ranjan chakraborti
(Querist)
06 January 2011
But the payment/credit upto June'2010 did not exceed Rs.120000/- . So pl have a recheck whether TDS is applicable or not?
RANJAN
RANJAN
ranjan chakraborti
(Querist)
06 January 2011
But the payment/credit upto June'2010 did not exceed Rs. 120000/- . So pl have a recheck whether TDS is applicable or not?
RANJAN
RANJAN
06 January 2011
Look from rules it is not very clear whether to deduct or not. If at the beginning you had paid Rs 10450/- you would have deducted TDS. So it is suggested to deduct TDS in your case.
Views of other experts is solicited
Views of other experts is solicited
09 January 2011
TDS will not apply , since the total payment during the year is blow Rs. 1.80 lacs.
11 January 2011
I Think in your case UPTO JUNE'2010, TDS WILL BE APPLICABLE, COZ... RULES OF RS. 180,000/- WEF 01-07-2010 UPTO JUNE'2010 TDS WILL BE APPLICABLE...
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