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Tds on rent

This query is : Resolved 
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(Querist)
25 February 2016 Dear Sir/Ma'm,

My client is individual and paying rent exceeding 180000/- for FY 2015-16.

He has not deducted TDS on the same till march 2016 because he was not liable for tax audit till march 16.

Now in march his turnover exceeds 1 crore, so now what is the remedy for the same??

shall he deduct TDS for whole the rent for this FY or else??

Please answer early if possible..

Thank you
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CA Vap Patel

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CA Vap Patel (Expert)
27 February 2016 Yes he need to pay TDS on whole Rs 1,80,000/- and that to with interest for late deduction.
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Bhargav Thakkar

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Bhargav Thakkar (Querist)
12 March 2016 Dear Sir,

If Individual or HUF is liable for audit u/s 44AB in preceding FY then only liable to deduct TDS.In my case he is require to get its accounts audited u/s 44AB is current year itself and not in preceding year.

Thank you
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