TDS ON RENT

Dear Sreeniwas,

Could u tell d the amount of Rent w.e.f. 1st october.

regards,

ratan

11150 * 6 months from october onwards i .e  66900/- total paid form october onwards.. before that, 9700/- per month i.e 9700*6 = 58200/- .

TDS should be deducted on Rs. 125100/- @ 10%.

TDS shud be Rs. 12510/-

regards,

ratan

But before october tds was 15.45% , for that period also we can deduct as 10% . please clarify me..

this is because there will be no TDS liability upto  Rent of Rs. 120000/- during the F.Y. Thereafter TDS should be deducted on the whole amount.

regards,

ratan

Rent paid by you exceeds Rs. 120000/- after september, hence the rate effective from 1st october shall apply only.

regards,

ratan

Hope ur doubt will be cleared.

regards,

ratan

Thank you rathan.

You r most welcome sree.

regards,

ratan

please clarify, an individual raised the march month  rental invoice on 30th march 2019. but the tenant  paid the rent on june month 2019. when the tds should be deduct ? please clarify.

i asked the tenant to pay the tds in the f.y 2018-19.

but he replied As per Act TDs should be deducted at the time of payment only  so he wil pay the tds in the  f.y 2019-20 is this correct?

note: the tenant is a pvt limited company

1. According to sec 194I TDS will be required to be deducted at the time of credit of such income to the account of the payee or at the time of payment in case payment through cash or by issue of cheque or draft, whichever is earlier. 
2. From the above, we can say the Pvt Ltd company is correct in deducting TDS at the time of making payment to the individual. 
3. But there exists a practical difficulty, if the payment is made in may 2019 TDS for the same could have been included in TDS return for the 4th quarter relating to FY 2018-19. But since was paid in June 2019 it can be included in FY 2019-20 1st quarter. Request can be made to such company to revise the TDS return for the 4th quarter by including the above TDS amount. 
Please correct me if the above solution has an alternative view. 

thank you

Please clarify i have filed my return without paying the taxable amount of Rs1000/-

pls guide me what to do next ?