TDS query urgent

Thanks for the valuable reply by Hitesh Kothari sir
 

Yes in the reckoner that example for full year but in the above practical example rent paid only for 6 months that means newly startup business. If a newly startup business no tds to be deducted in that financial year. I think so like that.

hi,

becouse contract is for 6 months and per month amount is 15000 and i.e. 15000*6=90,000/- which is less than threshold limit(1,20,000/- upto June,2010 and  from 1st July,2010 the limit is 1,80,000/-).

hence in this case tds is not applicable

Yes, You have to deduct 2% TDS ON genset rent upto 30 june 2010. After that you need not deduct tds on payment of rent.

Dear Ms. Nidhi,

Why shall he deduct the TDS till 30/6/2009 and need not to deduct further?

What is the base for that statement?

Rahul

Nicky is correct, no tds required

TDS will be Applicable.

m agree with  hitesh kothari    i think ur agreement is for 6 month & amount of rent is 15000 p.m.  amount id 90000  so there is no need to deduct tds

no tds will not deducted