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Arrear of rent paid

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(Querist)
15 November 2014 The assessee is a co operative bank and is paying arrears of rent for last 81 months as per court order at Rs.5000/- per month. Total amount of Rs.405000/-.
Whether TDS is necessary.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 November 2014 yes. TDS will apply on the payment since amount is exceeding the threshold limit

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