Tds

This query is : Resolved 

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

07 January 2015 When you are aware that the threshold limit is going to be crossed, TDS on rent is required to be deducted from April itself.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query