TDS on Rent

TDS 692 views 3 replies
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Chartered Accountant
512 Points Joined December 2008

One company has taken a premises on rent @ 12,000.00 PM. It surrenders 2/3rd of property in the month of October. Now the rent w.e.f from October is Rs. 3.000.00 PM.

The company has deducted TDS on rent till September. From Oct. onwads it discontinue to deduct TDS.

Should the company continue to deduct TDS or it may discontinue to deduct TDS.

 

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On 13 January 2009 at 12:32 Report
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PRACTICING CHARTERED ACCOUNTANT
13401 Points Joined November 2008

SINCE THE TOTAL RENT RECEIVED DURING THE WHOLE YEAR IS LESS THAN RS.1.20 LAKHS HENCE NO TDS IS REQUIRED NOW.

 

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On 13 January 2009 at 12:41
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Chartered Accountant
512 Points Joined December 2008

Thanx Sir.

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On 13 January 2009 at 12:43
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CA
504 Points Joined November 2007

Sudhir is right.

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On 13 January 2009 at 16:02


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