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TDS Surcharge

23 February 2009

Hello Sir/Madam,

TDS on rent

when surcharge has to be applied - if the gross receipts of the land lord exceeds Rs.10,00,000 or the rent payable by me to the land lord exceeds Rs.10,00,000

Thanks in advance

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2 Replies

LAXMIKANT JAIPURKAR (Practicing Company Secretary/Tax Consultant) (403 Points)
Replied 24 February 2009

TDS is applicable on Rent on gross amount of rent per annum exceeds Rs. 1,20,000/-.

DIPAK AGARWAL (Service) (554 Points)
Replied 24 February 2009

Originally posted by :Santhoshi Sharma
"	Hello Sir/Madam, TDS on rent when surcharge has to be applied - if the gross receipts of the land lord exceeds Rs.10,00,000 or the rent payable by me to the land lord exceeds Rs.10,00,000 Thanks in advance	"

when you are paying more than 10 lacs rent then surcharge is must, But you can also deduct tds along with surcharge is the land load declars that his income is more than 10 lacs even is you are not paying the rent of Rs.10 lacs p.a.