TDS on Rent-

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Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Hi,

I would you ask regarding TDS on Rent

From Apr09 to sep09 rent paying 15000/-PM
fron Oct09 to mar10 rent paying 25000/-PM
whether tds applicable?
then how to calculate

CA Navin Jain

CA Navin Jain (Expert)

22 October 2010 yes tds is applicable on both amount. trash hold limit was rs. 120000 p.a. during the 2009.10

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Sir,

Suppose in case FY.2010-2011

How to calculate

CA Navin Jain

CA Navin Jain (Expert)

22 October 2010 limit upto was 30.06.2010 Rs. 1.2L and thereafter increased to Rs. 1.8L p.a.

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Sir,

Apr10 to Sept10 15000*6 90000

No TDS for this

After Oct10 to marc11 25000*6 150000

Cross the limit
TDS Applicable

that is 25000*10% 2500/- PM

is it wright sir

CA Navin Jain

CA Navin Jain (Expert)

22 October 2010 YOU ARE NOT right, TDS WOULD BE DEDUCTED ON WHOLE AMOUNT i.e. 90000+150000 @10%

Message likes : 1 times

CA Navin Jain

CA Navin Jain (Expert)

22 October 2010 now r u cleared

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Suppose Apr10 to Sept10 paying rent will be 10000 PM then

CA Navin Jain

CA Navin Jain (Expert)

22 October 2010 CHECK THE TRASH HOLD LIMIT FOR APPLICABILITY OF TDS

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Sir,

Cleared Thank you

taxindiaconnect

taxindiaconnect (Expert)

22 October 2010 IN a year the thersh hold limit is 180K. If the amount paid as rent is exceding 180K in a year, irrespective of the break up, one needs to see the crossing of threshhold limit for applicability of TDS provisions.

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