Tds on rent

A/c entries 3173 views 29 replies

Dear Sir,

                  Please tell me I engage a building on rent 9 month rent rs.168000/- for year 2012-13.  TDS rent limit is 180,000/-

please tell me how much TDS deduct on rent please breif in details.

 

regards,

vinod

Replies (29)

you dont need to deduct any TDS as amount is within the limits

agree with ashish

NO ...

U DON'T NEED TO DEDUCT TDS.....................

Agree with above.

Ya there is no need to deduct TDS on rent as the amount is whithin threshhold limit

NO NEED TO DEDUCT TDS IN CASE THE AMOUNT PAID / CREDITED IS LESS THAN RS.180000/- DURING THE YEAR.

TDS ON RENT NEEDS TO BE DEDUCTED ONLY IF RENT DURING THE YEAR EXCEEDS RS 1,80,000. AS UR RENT IS BELOW THIS LIMIT , U DONT NEED TO DEDUCT TDS. :)

Dear Vinod,

You need not to deduct TDS on rent because it is within limit.

                                                              Vinod gupta

YES AGREE WITH ALL ABOVE...

YOU ARE BELOW THE LIMIT ..NO NEED TO DEDUCT TDS.

NO  need to dedute TDS if below limit i.e. rs.180,000 per person in a one year

NO DEDUCTION OF TDS REQUIRED AS AMOUNT OF RENT DOES NOT CROSS THE THRESHHOLD LIMIT OF RS 180000/-.

 

First of all u should check ur constitution like if u r a proprietor or a HUF, ur turnover is not for tax audit u/s 44 AB then u dont require to deduct TDS in any case & after it if  u r liable to deduct TDS then u shoud check the limit b coz the limit u/s 194 I is 180000.00 P.A that is not crossed by u so u dont require to deduct tax

 

I agree with above

 

No need to deduct TDS on Rent i.e. limit is upto Rs.1,80,000/-


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