Tds-rent

This query is : Resolved

P.C. Joshi (Querist)
Follow

12 July 2015 Dear Friends,
A Ltd has taken an accomodation for one of its employee for 11 month leasestarting from 1st March 2015 upto 31st Jan 2016 on monthly rent of Rs 31000.I want to know whether TDS is required to be deducted on rent for FY 2014-15 ie for March 2015 as it is less than Rs 180000/ in one financial year.

Thanks & Regards

PC Joshi

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 July 2015 No need to deduct TDS on rent for FY 2014-15 as it is less than Rs 1.80.000.

P.C. Joshi

P.C. Joshi (Querist)
Follow

12 July 2015 Thanks.
One more thing please. If a perosn has income from Salary and House property, in which form he should file ITR for FY 2014-15.

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 July 2015 File ITR 1 if the person has one house property.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

12 July 2015 Also check out article from below link for more details on selection of appropriate ITR :

https://www.caclubindia.com/articles/filing-itr-of-ay-2015-16-24379.asp

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok