Tds

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I have to issue a invoice for rent. i have to add tds 2% to it or not ? what will be the process . can u explain ...PLEASE....

 

Replies (1)

IN YOUR QUESTION I ASSMED YOU ARE THE LAND LORD TO WHOM THE RENT IS TO BE PAID. IN THIS CASE YOU HAVE TO ISSUE RENT INVOICE. YOUR INVOICE MAY BE LIKE THIS....

 

suppose rent is 1,00,000 per month

your invoice should be

 

a) rent                xxx         1,00,000

b) tds                 xxx            10,000

net        (a-b)      xxxxx         90,000

 

and you should quote your PAN

 

rent

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