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
ashish gupta
( student)
(1922 Points)
Replied 25 May 2012
you dont need to deduct any TDS as amount is within the limits
SANJIV KUMAR JHA
(CA-FINAL,ARTICLE)
(37 Points)
Replied 25 May 2012
NO ...
U DON'T NEED TO DEDUCT TDS.....................
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 25 May 2012
Agree with above.
mohd wasim khan
(article clerk)
(34 Points)
Replied 25 May 2012
CA Pankaj Warke
(Fin Man)
(268 Points)
Replied 25 May 2012
NO NEED TO DEDUCT TDS IN CASE THE AMOUNT PAID / CREDITED IS LESS THAN RS.180000/- DURING THE YEAR.
vinodkumargupta
(proprietor)
(115 Points)
Replied 26 May 2012
Dear Vinod,
You need not to deduct TDS on rent because it is within limit.
Vinod gupta
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 26 May 2012
YES AGREE WITH ALL ABOVE...
YOU ARE BELOW THE LIMIT ..NO NEED TO DEDUCT TDS.
ca praveen singh
(practice)
(39 Points)
Replied 26 May 2012
NO need to dedute TDS if below limit i.e. rs.180,000 per person in a one year
CASourav Agarwal
(CA & CS )
(235 Points)
Replied 26 May 2012
NO DEDUCTION OF TDS REQUIRED AS AMOUNT OF RENT DOES NOT CROSS THE THRESHHOLD LIMIT OF RS 180000/-.
Avdhesh sharma
(Assistant Manager)
(32 Points)
Replied 26 May 2012
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
Gulshan Kumar
(Professional Accountant)
(119 Points)
Replied 26 May 2012
No need to deduct TDS on Rent i.e. limit is upto Rs.1,80,000/-
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