Tds

This query is : Resolved 

12 September 2013 Dear Sir/Mam,
My query is : If a company running the business in a rented accommodation and every month pay House/Office rent(Appx. Rs.60000/-)for that purpose then what is the TDS rate(It is10% or More/less) or Amount deducted from the rent before payment.

12 September 2013 the TDS shall be deducted at 10% on Rs 60,000. So the TDS shall be Rs 6,000. net credit/payment Rs 54,000.

12 September 2013 TDS to be deducted @ 10% of Rs 60000/- on the date of payment or credit whichever is earlier.


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