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tds on rent

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ACCOUNTANT
366 Points Posted on 16 September 2017
I pay Rs. 20000 rent per month. I will deduct tds for that. Which is limit for tds
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On 16 September 2017 at 08:53 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 16 September 2017
What is your previous year turn over...? or PY your books of accounts is audited...?
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On 16 September 2017 at 09:07
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ACCOUNTANT
366 Points Posted on 16 September 2017
I started business last month
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On 16 September 2017 at 09:42
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Student
2 Points Posted on 16 September 2017
no Tds is not applicable if business started last month
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On 16 September 2017 at 09:49
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"Do the Right Thing...!!!"
128152 Points Posted on 16 September 2017
Not available...
If you are new business on last month... Then you don't want deduct TDS on rent.
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On 16 September 2017 at 09:53
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ACCOUNTANT
366 Points Posted on 16 September 2017
Limit amount tell me sir
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On 16 September 2017 at 10:45
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"Do the Right Thing...!!!"
128152 Points Posted on 16 September 2017
What limit...?!
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On 16 September 2017 at 11:21
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Accounts Manager
102 Points Posted on 16 September 2017

If you are paying more than Rs.180000/- rent PA to a building you will have to deduct 10% TDS on rent amount. Uner Sec 194 I. and if it is rent for use of Pland Machinery or equipment etc 2%.

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On 16 September 2017 at 11:29


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