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Tds on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2013 dear sir ,
i am company and i paid rent of rs 12000 per month to an induvidual can i deduct tds on 12000
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 October 2013 No need to deduct tds as the yearly threshold for deducting tds is rs 1,80,0000 which comes to 15,000 p.m.
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Ganeshbabu K

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Ganeshbabu K (Expert)
07 October 2013 not required to deduct tds

TDS on rent is government of 194I section
.
.
As there is a threshold limit of 180000 ,, you not required to deduct tds as your total payments in a year not exceeds threshold limit



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CA Pallav Singhania

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CA Pallav Singhania (Expert)
07 October 2013 Agree with Experts,

Rent paid by you 12000 X 12 = 1,44,000

As the Threshold limit is 1,80,000,

No Need to deduct TDS..
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2013 THANK YOU SIR
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 October 2013 Pleasure is mine.
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Adv. R. B. Munot

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Adv. R. B. Munot (Expert)
08 October 2013 No need to deduct.

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