I want to know that what is the current limit of tds on rent of building ,,
as per my knowelede the limit is 180000/- pa,,,,,, is it correct ?
SACHIN SINGH (Officer Accounts) (28 Points)
24 June 2012I want to know that what is the current limit of tds on rent of building ,,
as per my knowelede the limit is 180000/- pa,,,,,, is it correct ?
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114210 Points)
Replied 24 June 2012
Yes. You are correct. Limit is Rs.1.80 lacs per annum.
Find attached the TDS-TCS Rate Chart for FY 2012-13
Sonu Kumar
(Account Manager)
(665 Points)
Replied 24 June 2012
Dear Mr. Sachin,
U r Correcet, Presant Limit is 1,80000/-p.a., and TDS rate is 10% on It
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 24 June 2012
Originally posted by : Sonu Kumar | ||
Dear Mr. Sachin, U r Correcet, Presant Limit is 1,80000/-p.a., and TDS rate is 10% on It |
RAVI KUMAR GUPTA
(STUDENT)
(46 Points)
Replied 24 June 2012
hiiii sachin ,
you are correct that ceiling limit for tds deduction is 180000=00 p.a. subject to the tds rate-
1) @ 2 % for rent on plant , machinery & equipment @ 2%
2) @ 10 % for rent on land & building , furniture & fixture for all persons..
Pradeep Kumar
(CA article,B.COM,CS)
(303 Points)
Replied 25 June 2012
Current limit is 180000/- @ 10% with out service tax..............
renu rinku
(Accountant)
(106 Points)
Replied 19 November 2012
its correct tds applicable on 180000/-