Menu
TDS DEDUCTION.
hi, we pay rents and deduct tds, but if we acquire more space from the same landlords but the location is different and the rent amount does not cross 2.40/ annually we need to deduct tds or not.
Replies (5)
Assuming that both the locations are for the same organization, aggregate payment to a person under the PAN is relevant for the purpose of TDS. Since the lessor is the same person, TDS applicable on crossing the threshold limit of Rs.2.4 lacs considering aggregate payments during the year.
The landlord is the same but the rent amount and new address of the location are different and the rent amount doesn't cross the limit of tds, in this case, tds deduction is mandatory or not.
I think I've already answered your query. Even if the rent is for a different location, since you are paying to the same person (same PAN), you need to add the total payments to check the threshold limit. If total payments (existing + new) exceed Rs.2.4 lacs, TDS applicable.
If rent payment exceed 240000 rupees then TDS should be deducted,
TDS is applicable since the landlord is the same
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
