Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2015
I pay cheque every month to our landlord from 1.02.2014 to 31.1.2015 of Rs 14000/- each month ,now landlord renewed rent agreement with 10 % hike i.e Rs 15400/- & rent amount will be paid Rs 15400/- from 1.02.2015.
My query is now can i deduct 10 % as tds at the time of payment or Rent.
My query is now can i deduct 10 % as tds at the time of payment or Rent.
14 February 2015
If Tax Audit u/s 44AB was applicable to you in the previous Financial Year then you are liable to deduct TDS otherwise not.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2015
Dear SIr,
But if i calculate total fy rent amount not exceed Rs 180000/-
Calculation (From 1st april 2014 to 31 jan 2015 is Rs 140000/-(14000X 10 month) & last 2 month of this fy is 30800/-. Total will be 170800/-
Then how can i deduct TDS.
But if i calculate total fy rent amount not exceed Rs 180000/-
Calculation (From 1st april 2014 to 31 jan 2015 is Rs 140000/-(14000X 10 month) & last 2 month of this fy is 30800/-. Total will be 170800/-
Then how can i deduct TDS.
27 February 2015
Sorry. TDS not required to be deducted since threshold limit is not crossed.
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