Tds on Rent
This query is : Resolved
15 December 2008
Dear All,
Pl tel- for FY 2008-09,Rent Paid to single person @ Rs 12,000 P.M for Apr, may, june , after that Rent paid rs 6300P.m each to two persons,whether TDS Will be deducted since total Rent Exceeds exemption limit?
Pl tel- for FY 2008-09,Rent Paid to single person @ Rs 12,000 P.M for Apr, may, june , after that Rent paid rs 6300P.m each to two persons,whether TDS Will be deducted since total Rent Exceeds exemption limit?
15 December 2008
tds is to be deducted if total rent rs.120000/- to a single person so in your case total rent is less than rs.1200000/- tds is not to be deducted
15 December 2008
No need to deduct TDS as limit is 120,000 to a single person and that will not be exceeded in your case.
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