tds
This query is : Resolved
chiranjeevi
(Querist)
08 July 2010
my client paying rent 75000 to individual,
but deducting tds on 75000 plus 10.3% stax,
30.5.09 tds made on 82725 i.e tds 12409,surcharge 1241,eshc 410, is it correct?
share ur opinions
but deducting tds on 75000 plus 10.3% stax,
30.5.09 tds made on 82725 i.e tds 12409,surcharge 1241,eshc 410, is it correct?
share ur opinions
08 July 2010
NO. TDS SHOULD BE DEDUCTED ONLY ON RENT AMOUNT EXCLUSIVE OF SERVICE TAX.
FURTHER TDS RATE IS FLAT 10% NO SURCHARGES AND CESS APPLICABLE.
FURTHER TDS RATE IS FLAT 10% NO SURCHARGES AND CESS APPLICABLE.
Aditya Maheshwari
(Expert)
08 July 2010
If the year is correct in the query i. e. of May 2009 then the rate was 15% for individuals and not 10%. No need for surcharge & education cess on above if u are deducting TDS now. If TDS has already been deducted then education cess only must have been deducted.
W. e. f. 01.10.2009 the rate is 10%.
W. e. f. 01.10.2009 the rate is 10%.
08 July 2010
2nd time wrong today. Just did not see the date. Thanks for correction Aditya Ji.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
