Tds on rent

Yes Agree with all above

No need to deduct TDS

No,You dont need to deduct the tds as limit is 1,80,000 Rs. for the year.

I AGREE WITH ALL ABOVE...................................NO NEED

Mr. Vinod

No need to deduct and pay TDS on rent since the total rent paid during the period is below the threshhold limit.  But keep the track since you mention it for 9 months, once exceeds Rs. 1,80,000/- in a year, you are liable to deduct and pay.

Subhash Vishwakarma

No need to deduct and pay since total rent paid during the year is below threshhold limit of Rs. 1,80,000/-. Agreed with all above.

yes ur below the limit of Rs 180000 so no need to deduct TDS

No, there is no liability of TDS dedution....

No Sir, you no need to deduct TDS for this year since it not exceeds Rs.180000/-.

Agreed with all.

yes agree with above

1. If rent = 1,98,000, then TDS to be deducted on 1,98,000 or 18,000?
2. At what rate?
3. Should the bill raiser i.e. landlord charge tax on basic rent amount only?
4. Say rent=15,000 pm. Should the bill from land owner be 15,000 + 10% (of 15,000) =16,500/-?  This figure is on per month basis.

Originally posted by : Sandeep Himatsingka
	If rent = 1,98,000, then TDS to be deducted on 1,98,000 or 18,000? At what rate? Should the bill raiser i.e. landlord charge tax on basic rent amount only? Say rent=15,000 pm. Should the bill from land owner be 15,000 + 10% (of 15,000) =16,500/-?  This figure is on per month basis.

Dear Mr.Sandeep TDS has to be deducted @ 10% at the time when it exceeds Rs.180000p.a. or Rs.15000p.m....

TDS will be deducted on the Gross bill value i.e on Rs.16500/- after deducting Rs.1650 i,e,(16500*10% TDS), the remaining amount Rs.14850(16500-1650) to be paid to the land lord....

regards,

Mukundan.

Originally posted by : Sandeep Himatsingka
	If rent = 1,98,000, then TDS to be deducted on 1,98,000 or 18,000? At what rate? Should the bill raiser i.e. landlord charge tax on basic rent amount only? Say rent=15,000 pm. Should the bill from land owner be 15,000 + 10% (of 15,000) =16,500/-?  This figure is on per month basis.

Dear Mr.Sandeep TDS has to be deducted @ 10% at the time when it exceeds Rs.180000p.a. or Rs.15000p.m....

TDS will be deducted on the Gross bill value i.e on Rs.16500/- after deducting Rs.1650 i,e,(16500*10% TDS), the remaining amount Rs.14850(16500-1650) to be paid to the land lord....

regards,

Mukundan.

YES AGREE WITH ALL ABOVE...