TDS for my flat
This query is : Resolved
Ashok Kamath
(Querist)
10 May 2010
I have rented out my flat to a company for a rent of 12000/- per month. I have received Rs. 10,800/- towards rent after the company deducted a TDS of Rs 1200/-. I hear that the TDS ceiling for house rent has been raised to 1,80,000/- with effect from this financial year. Is it right / confirmed? can I ask my tenant not to deduct the TDS in view of the raised ceiling?
10 May 2010
i dont think so.. pls refer my tds rate chart for this FY >> www.psomani.caclubindia.com <
chetan soni
(Expert)
10 May 2010
Yes, the limit is raised high to 1.8L from 1.2L but this is effective from 01 Jul 2010. Till that date the limit stands to 1.2L p.a.
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