RESPECTED SIR
FINANCIAL YEAR RENT INCLUDES EARLIER RENT DUE TO THAT RENT EXCEEDS 180000 WHETHER TDS IS APPLICABLE ON THAT RENT PLZ ANS ME
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Tds on earlier rent
Replies (3)
Hii, In this case, you are liable to deduct TDS.Regards
there can be two aspect in your case
aspect 1. suppose expenditure of rent booked in F.Y. 2013-14 Rs. 50,000/- and paid in F.Y. 2014-15 and along with rent of 2014-15 Rs. 150000/- than total rent become say 200000/- than no TDS provision will apply
aspect 2. suppose expenditure of rent not booked in F.Y. 2013-14 Rs. 50,000/- and paid in F.Y. 2014-15 and along with rent of 2014-15 Rs. 150000/- than total rent become say 200000/- than TDS provision will apply.
Note: above mentioned facts is just an expample for understanding
If in the previous f/y tds deducted on that rent on due basis..then there is no liability to deduct tds.....or if not , then yes ....tds is to deducted on that rent on payment basis........
& suppose if limit in previous f/y was not exceeding 180000....& that rent is paid in current f/y then tds is not to be deducted...
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