05 May 2012
i am going to pay rent of last two year in this year each year 100000 & 100000 i have not booked rent exp.last year now i am going to pay total 200000 what will be tds treatment ?should i deduct tds ?
05 May 2012
You need to deduct TDS @10% incase of land and builings ,for P & M , Equipment, furniture & fittings@2% on entire amount since amount exceeded specified u/s 194I(180000).
CAclubindia
