07 January 2015
LIMIT OF TDS ON RENT IS 180000 PA. RENT IS PAID FROM APRIL ON WARDS 26000. THEN WHETHER LIABILITY TO DEDUCT TDS IS FROM APRIL BY PRESUMPTION BASIS OR FROM OCTOBER WHEN LIMIT IS EXCEEDING 180000.INTEREST @ 1% IS PAYABLE FROM APRIL ON WARDS OR FROM THE MONTH WHEN IT EXCEEDS LIMIT OF RS 180000 PLEASE ANSWER ME URGENTLY IF POSSIBLE IT IS A DEBATABLE ISSUE AND TODAY IS 07TH JANUARY LAST DATE OF PAYMENT OF TDS