tds on rent
This query is : Resolved
20 April 2009
dear sir
i am receiving rent @12500/- per month for m ind. gala for 1 year . pl. let me know at what rate the payee will deduct the tds from his payment. is there any way i can avoid the tds deduction. pl. explain vhrc@rediffmail.com
i am receiving rent @12500/- per month for m ind. gala for 1 year . pl. let me know at what rate the payee will deduct the tds from his payment. is there any way i can avoid the tds deduction. pl. explain vhrc@rediffmail.com
20 April 2009
TDS is applicable as the payment exceed Rs. 1.20 Lakh pa.
If you are an company, Rate is 20.6%
Else, 15.45%
If you are an company, Rate is 20.6%
Else, 15.45%
20 April 2009
Yes i agree with shyamlal
20 April 2009
Exactlyyyy
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