Tds deduction liability in case we pay rent
This query is : Resolved
23 April 2009
Dear sir/madam,
I m paying rent on vehicle & for building to same person but rent of building does not exceed 120000.00 but total rent including vehicle exceeds 300000.00 (vehicle rent 180000.00)
Should we deducte tds on total amt or only on vehicle rent.
Regards,
S.k.Sah
I m paying rent on vehicle & for building to same person but rent of building does not exceed 120000.00 but total rent including vehicle exceeds 300000.00 (vehicle rent 180000.00)
Should we deducte tds on total amt or only on vehicle rent.
Regards,
S.k.Sah
23 April 2009
Rent of Building - Not exceeded 1.20L - hence no TDS
Rent of vehicle - Sec. 194C - Rate 2.06%.
Rent of vehicle - Sec. 194C - Rate 2.06%.
23 April 2009
Rent of Building - Not exceeded 1.20L - hence no TDS
Rent of vehicle - Sec. 194C - Rate 2.06%.
Rent of vehicle - Sec. 194C - Rate 2.06%.
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