Tds to be deeucted on rent rs.36000/- per month-reg
This query is : Resolved
M.Chandrasekharan
(Querist)
27 December 2013
Good Day,
Please clarify me about the calculation as to how much I have to deduct as TDS from monthly rent payable of Rs.36000/-. Do I have to calculate deducting the threshold of Rs.15000/- per month? Kindly clarify. URGENT..
Thankd & Regards
M.Chandrasekharan
Please clarify me about the calculation as to how much I have to deduct as TDS from monthly rent payable of Rs.36000/-. Do I have to calculate deducting the threshold of Rs.15000/- per month? Kindly clarify. URGENT..
Thankd & Regards
M.Chandrasekharan
CMA Ramesh Krishnan
(Expert)
27 December 2013
TDS rate under section.194I 10%. will deduct Rs.36000x10% = Rs.3600
Nikhil Kaushik
(Expert)
27 December 2013
in addition to above, no, you don't have consider threshold limit. Once the amount to be paid or likely to be paid Rs 1.8 lakhs, TDS is deductible on the whole of the amount.
M.Chandrasekharan
(Querist)
27 December 2013
Dear Shri.CMA Ramesh & Nikhil Kaushyik,
I am really delighted for the instant reply and thank you both very much.
Thanks & Regards
M.Chandrasekharan
I am really delighted for the instant reply and thank you both very much.
Thanks & Regards
M.Chandrasekharan
Nikhil Kaushik
(Expert)
27 December 2013
welcome Dear Chandrasekharan.
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