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Tds on rent

This query is : Resolved 
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(Querist)
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
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CA Parul Saxena

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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.
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sudheer

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sudheer (Querist)
01 March 2014 sir,
please let me know whether interest on tds has to be paid or not
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CA Parul Saxena

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CA Parul Saxena (Expert)
01 March 2014 yes interest on tds to be paid
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