31 May 2012
company paid rent 22500 every month from last nov 2012 last year tds is not application on rent but current year tds is applicable , my qus is may i deduct tds from 1st april or after cross limit rs.180000/-
31 May 2012
Since you know at the beginning of the year that the amount will exceed Rs. 1,80,000 during the year, TDS will be deducted from the first payment itself and on all subsequent payments.