Tds rent
This query is : Resolved
29 March 2014
TDS TAX RENT LIMIT FOR NO TAX - 180000 PER MONTH OR QUARTERLY
AND OWNER HAS TO PAY ANY TAXES OTHER THAN PROPERTY TAX
AND OWNER HAS TO PAY ANY TAXES OTHER THAN PROPERTY TAX
29 March 2014
THE LIMIT OF RS. 1,80,000/- IS OF THE YEAR.
IT IS BASED ON THE AGREEMENT WHO WILL PAY THE PROPERTY TAX
IT IS BASED ON THE AGREEMENT WHO WILL PAY THE PROPERTY TAX
29 March 2014
SIR THEN IN A MONTH RENT COMES 40,000 PER MONTH.
1. WHAT WILL BE THE TAX ?
2. IF RENT PAID 40,OOO/- SHOULD DEDUCT 10% TDS ?
3. TDS WILL BE DEDUCTED BY OWNER OR RENT PERSON ?
1. WHAT WILL BE THE TAX ?
2. IF RENT PAID 40,OOO/- SHOULD DEDUCT 10% TDS ?
3. TDS WILL BE DEDUCTED BY OWNER OR RENT PERSON ?
29 March 2014
Dear Venkatesh,
TDS on 40,000/- is 4000/-
TDS is deducted by Tenant and not by the owner. The same needs to be paid by tenant to the government on or before 7th of next month.
TDS on 40,000/- is 4000/-
TDS is deducted by Tenant and not by the owner. The same needs to be paid by tenant to the government on or before 7th of next month.
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