Our company paying rent 14500/- P.M from april 2013. In march 2014 rent agreement revised now we are paying 25000/- P.M. rent for march 2014 is 25000/-. we didn't deduct any tax because rent was not exceeding 180000 P.A. Please tell if we require to deduct TDS from now and how much amount????
Menu
Tds on rent
Replies (3)
Yes Devendra, now tax has to be deducted.
@ 10% on total amount of rent paid / credited during the year.
Thanks,
Devanand
dear Sir,
Can you tell me the amount to be deducted with showing all caculation
TDS will be Rs.18,450/- (10% of 1,84,500)
Rent from April-13 to Feb-14 - Rs.159500 (14500*11)
Rent for March-14 Rs. 25000
Total Rent Rs.1,84,500
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
