Tds Deducted or not
This query is : Resolved
13 March 2009
is there any liability arise in case of rent given exceeds Rupees 1,20,000/- per year
CA Hemant T Dewani
(Expert)
13 March 2009
if you are paying rent & it is debited to p&l
a/c & you are individual & you are in tax audit then it is liability of your to deduct tax on rent if it is paid in excess of rs.120000/- in the year
a/c & you are individual & you are in tax audit then it is liability of your to deduct tax on rent if it is paid in excess of rs.120000/- in the year
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