TDS
Querist : Anonymous
X is paying rent of Rs. 10,000/- p.m. to Y from Apr-09, but in Feb-10 Y is charging rent Rs. 12,500/- p.m.
in this case on what amount X should deduct TDS?
only on amount of Feb-10 or on the whole amount paid to Y from Apr-09 to Jan-10(i.e. 1,00,000/-)
because threashold limit of 94 I is Rs. 1,20,000/- and Mr. Y rent amount is increased in Feb-10
Querist : Anonymous
is it mean that X has to deduct Rs. 11,250/- from the rent of Feb-10, which amounts to Rs 12,500/-..?
kindly inform me please
Querist : Anonymous
but in Feb-10, Mr. X should deduct TDS of Rs. 11,250/- from the Feb-10 rent payable amount i.e. Rs. 12,500/- and balance TDS Rs. 1,250/- should be deducted in Mar-10 rent payable.......?
Am I right Sir.......?
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