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?
CA Hemant T Dewani
(Expert)
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
CA Tilak Raj Sharma
(Expert)
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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