Tds on rent deposit
This query is : Resolved
30 January 2015
We have taken a house for rent from sep 2014 for an amount of Rs.25000/- per month and deposited 50000/- as rent deposit.
1.Does TDS needed to be deducted for the FY 2014-15 as by considering 6 months rent and rent deposit, it leads to an amount of Rs.200000/-
1.Does TDS needed to be deducted for the FY 2014-15 as by considering 6 months rent and rent deposit, it leads to an amount of Rs.200000/-
30 January 2015
If Rs. 50,000 is not refundable, deduct income tax on Rs. 2,00,000.
31 January 2015
if rs.50000/- is not refundable then tds on total amount.
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