TDS on rent
This query is : Resolved
Shweta satam
(Querist)
12 April 2010
TDS on rent is 10% upto a limit of RS.120000P.A..From 1st july the ceiling is going to be 180000.pls tell me if we are required to deducted TDS now if we are paying rent of Rs.150000.
12 April 2010
GOOD QUESTION.
TDS IS REQUIRED TO BE DEDUCTED AS THE LIMIT TILL 30.06.2010 IS RS. 1.2 LACS..
FROM 01.07.2010 YOU WILL NOT BE REQUIRED TO DEDUCT TDS AS THE REVISED LIMIT OF RS. 1.8 LACS WILL BECOME EFFECTIVE.
TDS IS REQUIRED TO BE DEDUCTED AS THE LIMIT TILL 30.06.2010 IS RS. 1.2 LACS..
FROM 01.07.2010 YOU WILL NOT BE REQUIRED TO DEDUCT TDS AS THE REVISED LIMIT OF RS. 1.8 LACS WILL BECOME EFFECTIVE.
Prakash Jasani
(Expert)
12 April 2010
agree wth mr sanjay gupta
CA Ashok Kumar Sahu
(Expert)
12 April 2010
agreed
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