our company paid rent Rs. 16,000.00 P.M for Guest House purpose which started from Sep,2018. As per calculation see that (Sep,18 to Mar,18) Total Rent Payable Rs, 96,000.00 , (Threshold TDS Limit 1.80 Lakh U/s 94 I ) so can we deucted TDS against this. because we rent paid only 06 Months not 1 Year for this F.Y .........
No need to deduct TDS for current transaction
For the Financial year 2018-19 no need to deduct tax but for subsequent year need to deduct tds, because threshold limit for exemption is crossed 1.20 lakhs
thanks to all
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
