TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2010
IsTDS is applicable when Rent paid to employees by the company is less than Rs 120000 pa
CA Chitresh Gupta
(Expert)
10 February 2010
Your query is not clear.
The company pays a House Rent allowance to employees , not rent.
HRA is taxble under the head salaries subject to prescribed exemptions on production of actual rent paid receipts.
In case of Rent, yes, TDS provisions are attacted when it exceeds 120000/- in a FY.
Hope this clarify your query
The company pays a House Rent allowance to employees , not rent.
HRA is taxble under the head salaries subject to prescribed exemptions on production of actual rent paid receipts.
In case of Rent, yes, TDS provisions are attacted when it exceeds 120000/- in a FY.
Hope this clarify your query
Message likes :
1 times
Rahul Gupta
(Expert)
10 February 2010
Agreed with Mr. Chitresh.
Message likes :
1 times
CMA Ramesh Krishnan
(Expert)
10 February 2010
Agree
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