TDS ON RENT
This query is : Resolved
05 April 2011
IF I PAY RENT OF RS. 14500/- (amount is without service tax). HOW MUCH TDS MUST BE DEDUCTED. PL. GIVE FULL CALCULATION.
05 April 2011
Rajesh
There is a Threashold limit and after crossing that limit only you are required to deduct TDS.
Threshold Limit 180000/- pa.
TDS required to be deducted only on the rent and not on the service tax figure
There is a circular that excludes tax deduction on ST aspect.
If you pay Rs 14,500/- as rent, nothing to be paid as TDS.
There is a Threashold limit and after crossing that limit only you are required to deduct TDS.
Threshold Limit 180000/- pa.
TDS required to be deducted only on the rent and not on the service tax figure
There is a circular that excludes tax deduction on ST aspect.
If you pay Rs 14,500/- as rent, nothing to be paid as TDS.
05 April 2011
Yes, you not need to deduct any TDS for now.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
