TDS for F.Y. 2008-09

THERE IS NO LIABILITY TO DEDUCT TDS IF YOUR PAYMENT DURING THE FINANCIAL YEAR DOES NOT EXCEED RS. 1,20,000/-.

IN THIS CASE T.D.S. WILL NOT BE DEDUCTED BECOZ LIMIT IS UPTO 120000/-U/S 194 i

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      this somesh new on this club

 plz find the attachment

                 bye

Dear Mr. Somesh,

Thanks for the attachment.  As per 194-C TDS to be deducted in case,  single payment exceed 20,000 or total payment in a year exceed 50,000.

But in the excel sheet only 20,000 condition is mentioned.

well there is no liability to deduct TDS AS THE RENT PAYMENT DOES NOT EXCEED 120000.00

TDS Under Section 194I is deducted due or payment whichever is earlier.....and i think for 7 months she must have passed any of these entries.....dont u all think on the provisional basis she should deduct TDS or should we consider that they were kwoning that office willbe closed within 8 months

Do reply me and after considering it.

Thanks