TDS on Rent
This query is : Resolved
13 April 2010
Hi,
I have one query about TDS on Rent.if we are paying Rent Rs.14,000/- Per Month (Say April-Mar), so In Year it's coming Rs.1,68,000/-.As per Changes in TDS thresolds from July'10(i.e 1,80,000),so for the month of April,May and Jun we have deducted TDS on Rent as per Old Thresold (i.e 1,20,000) or Not, Plsase Suggest me, it's very Urgent
Thanks
I have one query about TDS on Rent.if we are paying Rent Rs.14,000/- Per Month (Say April-Mar), so In Year it's coming Rs.1,68,000/-.As per Changes in TDS thresolds from July'10(i.e 1,80,000),so for the month of April,May and Jun we have deducted TDS on Rent as per Old Thresold (i.e 1,20,000) or Not, Plsase Suggest me, it's very Urgent
Thanks
13 April 2010
No, there is no need to deduct TDS on rent for the month of April & May & June.
Becasue threshold limit is for full financial year 2010-11.
Becasue threshold limit is for full financial year 2010-11.
13 April 2010
FROM APRIL TO JUNE DEDUCTS TDS @ 10% OR 2% AS APPLICABLE.
&
FROM JULY TO MARCH TDS IS NOT REQUIRED TO BE DEDUCTED.
&
FROM JULY TO MARCH TDS IS NOT REQUIRED TO BE DEDUCTED.
13 April 2010
I agree with Mr. Gupta's answer.
CA Ashok Kumar Sahu
(Expert)
13 April 2010
AGREE WITH GUPTAJI
13 April 2010
THANKS FOR YOUR ACCEPTANCE.
13 April 2010
agree with sanjay Gupta
14 April 2010
THANKS MR. GUPTA
14 April 2010
WELCOME SIR....
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