Tds on rent

if Rent paid to someone Rs 15000/Month from April-15 to Feb-16 and in March-16 Rs 16500 then what would be the "TDS"???? to be deduct during the FY 2015-16
Replies (6)

tds will deducted on whole rent recieved in the year

Originally posted by : Shubham Gupta
tds will deducted on whole rent recieved in the year

 

with intt. for not deducting TDS  from april-15 to feb-16 to pay??(agreement renew with revised rent on March-16)

you can simply charge interest from due date of deposit  i.e 7 april  2016 for march 2016 tds till date of payment at 1.5% per month

 

 

tds required to be deducted was 18150.

And it should have deducted from the last payment of 16500 but as you have not deducted you will be charged interest of1.5% for every month or part of it.

Interest will paid from march onwards? as threshold limit cross from march I think so

yes as you were required to pay it on or before 7 of april interest will count from there

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