tds on rent
This query is : Resolved
01 December 2009
if i book office rent expenses in our books of accounts how much amount will be not eligible to deducted TDS?
01 December 2009
Up to Rs.1,20,000/- in a financial year.
Murtaza I Bhagat
(Expert)
01 December 2009
up to Rs.1,20,000/- afterthan as per Sec.194I Rent on Plant/Machinery @ 2% & Rent Otherthen Plant/Machinery @ 10%,If PAN not Quoted 20%
01 December 2009
agree
CA Ravi Sisodia
(Expert)
01 December 2009
Agree
02 December 2009
can rent will be paid in books of accounts in cash upto 10000 per month?
02 December 2009
it doesn't matter that rent is booked in cash or though bank , if payment during the year is Rs,120000/-, you are supposed to deduct tax.
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