Tds
This query is : Resolved
02 March 2012
I have taken clothes on hire for 2 days and made payment of Rs. 36000(one time payment)? whether i need to cut TDS? if yes under which section and why?
Dintakurthi Tirumala
(Expert)
02 March 2012
No need to deduct TDS. The payment by you is Rent for the rent tds to be deduct @10% if the total rent payment exceeds Rs.180000 in a financial year.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
02 March 2012
Thanks. but the TDS deductor is not an individual or HUF then also no need to deduct TDS?
Dintakurthi Tirumala
(Expert)
02 March 2012
No need to deduct TDS for deduction of tds liability depends on the quantum of the amount and the slab fixed but not on the type of assessee.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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