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
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
09 February 2013
Yes you should deducted TDS. If you failed to deduct TDS till now, than you can deducted in next bill.
Message likes :
1 times
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
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
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
