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TDS on Rent

This query is : Resolved 
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(Querist)
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
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
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.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 April 2010 I agree with Mr. Gupta's answer.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
13 April 2010 AGREE WITH GUPTAJI
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 April 2010 THANKS FOR YOUR ACCEPTANCE.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
13 April 2010 agree with sanjay Gupta
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
14 April 2010 THANKS MR. GUPTA
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
14 April 2010 WELCOME SIR....
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