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tds matter

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2011 Resp Sir,

I have a question,but have confuse & found no answer for the same,"

Q:Suppose i have paid rent for the period 2010-11at the rate @14000/p.m(no tds deducted)- as per aggreement.But agriment expired on 28th feb/11 and as per new aggreement rent has been hiked 5000/- p.m i.e.in total 19K.So that as per IT act tds will exempt up to 180K(Sec.194I),but if i pay new hiked rent taht is 19000 then is taxable and also have cofuse the which amount is taxasble & tds will deducting in which amount?

I.e-14000+5000=19000(tds deduction..5000*10%) or total amt 19000*12=*10%

Plz provide satisfaction reply on this.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
28 May 2011 tds is to be deducted payee wise and not agreement wise
in this case tax is to be deducted
CA MANOJ GUPTA
JODHPUR
09828510543
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