Tds on rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2013 please help me
we are paying rent 20000/- PM for 12 Month & its crossing limit of 180000/- but for FY 12-013 rent for the month of feb & march should i deduct tds on rent or not please suggest me

kodiya mohammed asif

kodiya mohammed asif (Expert)
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09 February 2013 Yes you should deducted TDS. If you failed to deduct TDS till now, than you can deducted in next bill.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2013 dear sir
rent period from feb-13 to jan-13 rs.20000/- PM
for FY 12-13 feb & march is not crossing limit
but from april-13 to jan-14 i deducted tds (20000*10=200000-20000=180000)
please suggest should i deduct tds for jan-13 & feb-13 for this F Y 12-13

kodiya mohammed asif

kodiya mohammed asif (Expert)
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09 February 2013 Dear Concern,

In this case you will Deduct TDS only if cross the prescribe limit. So for 12-13 no TDS will be deducted.

For 13-14 in case if it crosses 180000 due to increment or amendment than only may have to deducted TDS. In the present scenario you need not deduct TDS.

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