tds rent
This query is : Resolved
30 May 2011
hi have a question can u resolve about tds"paid rent 14000 pm & tds not deducted for the period 2010-11",but when rent is hiked i.e 14000+5000=19000..that is taxable & hike effet from 01.03.11...onwards.then pl suggest can i deduct tds on which amaunt 19000*10% or hike rate 5000*10% or 19000*12*10%...its urgent
30 May 2011
When threshold limit of Rs 180000/- is crossed TDS to be deducted on total rent amount. So if total rent comes to Rs 19000/- p.m. TDS to be deducted on Rs 19000*12*10%
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