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.

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

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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