Tds on rent
This query is : Resolved
26 February 2014
HI,
i, Sudheer Kumar, want to know whether interest on TDS has to be paid or not,
1. 'x' ltd is a company entered with an agreement for rent of a office premises @Rs. 150000 per month from april'13 to sep'13 and Rs.500000 per month from October onwards.
2. 'x' ltd has paid the following amounts without invoices
a. 07/12/2013 - Rs.486958.00
b. 09/01/2014 - Rs.344642.00
c. 23/01/2014 - Rs.1350000.00
d. 24/01/2014 - Rs.158220.00
Total Amount Paid - Rs.2339820.00
TDS Amount Paid - Rs.259980.00 at 194I on 05/02/2014, for the above amount
pls give me suggestion
i, Sudheer Kumar, want to know whether interest on TDS has to be paid or not,
1. 'x' ltd is a company entered with an agreement for rent of a office premises @Rs. 150000 per month from april'13 to sep'13 and Rs.500000 per month from October onwards.
2. 'x' ltd has paid the following amounts without invoices
a. 07/12/2013 - Rs.486958.00
b. 09/01/2014 - Rs.344642.00
c. 23/01/2014 - Rs.1350000.00
d. 24/01/2014 - Rs.158220.00
Total Amount Paid - Rs.2339820.00
TDS Amount Paid - Rs.259980.00 at 194I on 05/02/2014, for the above amount
pls give me suggestion
CA Parul Saxena
(Expert)
26 February 2014
Yes TDS @ 10% is to be deducted from the very beginning as the limit of Rs.180000 exceeds.
But invoice must be demanded from the landlord providing the landlord service.
But invoice must be demanded from the landlord providing the landlord service.
Message likes :
1 times
01 March 2014
sir,
please let me know whether interest on tds has to be paid or not
please let me know whether interest on tds has to be paid or not
CA Parul Saxena
(Expert)
01 March 2014
yes interest on tds to be paid
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