11 March 2014
Ya u should deduct TDS on rent @10%, coz it crosses the limit of Rs. 180000/- in a financial year. It is not based on annual turnover of the organisation.
11 March 2014
What is the statusof ur client . . Tds deduction mandatory if ur client is other than huf or individual(i.e.,tds required to be deducted if ur client is partnership..or company irrespective of turnover . No tds required if he is individual and turnover not exceeded 1crore in previous year