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TDS Section 194I

This query is : Resolved 
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(Querist)
29 June 2011 The limit of Rs.1,80,000/- is for the financial year.
hence is there any limit for a day or month?
Or we should consider 180000/12
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
29 June 2011 No limit per day/month. If the rent exceeds 180000 in a year than TDS is applicable.
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