TDS ON RENT
This query is : Resolved
02 July 2010
WE are paying rent for staff accomdation and were deducting TDS on the rent amount of Rs.12017/- which exceeded 1.2 lacs as per the existing threshold limit. But as per the new amendement effective from 1st july 2010 the threshold limit is Rs.1.80 lacs for TDS on rent. Should we deduct tax for the rent paid from July 2010 or is it not required. Please clarify.
02 July 2010
From July on wards no need to deduct tds on that rent since the thershold limit is enhanced and it will come under the limit
02 July 2010
check that when that amendmend is effective if it is effective from july then no need to deduct tds :)
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