TDS
This query is : Resolved
09 May 2010
Mr.x runs a consultancy firm, his turn over of professional fee receipt is Rs.7,00,000/- for F.Y.2009-10,
Q-1) he pays office RENT of Rs.15000/- p.m., is TDS aplicable on such RENT. (7LAC TURNOVER NOT LIABLE TO AUDIT)
Q-2) he his not liable for service tax for F.Y.2009-10, Wt is service tax limit for F.Y.10-11
Q-1) he pays office RENT of Rs.15000/- p.m., is TDS aplicable on such RENT. (7LAC TURNOVER NOT LIABLE TO AUDIT)
Q-2) he his not liable for service tax for F.Y.2009-10, Wt is service tax limit for F.Y.10-11
09 May 2010
TDS on rent Expempt in 2010-2011 up to 180000/= so no tds in this year
Service tax exempt limit 10 lakh so no service tax applicable.
Service tax exempt limit 10 lakh so no service tax applicable.
09 May 2010
AGREE WITH EXPERT
10 May 2010
I think TDS is to be deducted on Rent...
As limit of Rs. 180000 will be applicable from 1 july 2010.
and for FY 09-10 limit was Rs. 120000. and also the Turnover limit of Rs. 700000 would be beneficial for Individual / HUF, not for a FIRM..
As limit of Rs. 180000 will be applicable from 1 july 2010.
and for FY 09-10 limit was Rs. 120000. and also the Turnover limit of Rs. 700000 would be beneficial for Individual / HUF, not for a FIRM..
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