Tds on rent
This query is : Resolved
20 October 2014
DEAR SIRS,
I AM PAYING OFFICE RENT RS. 30000/- PER MONTH SO WHEN I NEED TO DEDUCT TDS ?
FROM FIRST MONTH OR WHEN LIMIT OF RS. 180000/- CROSSED ?
I AM PAYING OFFICE RENT RS. 30000/- PER MONTH SO WHEN I NEED TO DEDUCT TDS ?
FROM FIRST MONTH OR WHEN LIMIT OF RS. 180000/- CROSSED ?
20 October 2014
Hi
You can deduct TDS once you reach Rs. 1.8 lacs limit..
Thanks
You can deduct TDS once you reach Rs. 1.8 lacs limit..
Thanks
20 October 2014
thanks vaibhav ji..
and when i start deducting tds ,should i deduct on entire previous payment or on the monthly payment when i reach the limit ?
and when i start deducting tds ,should i deduct on entire previous payment or on the monthly payment when i reach the limit ?
20 October 2014
When it is clear that annual threshold limit will be crossed you should start deducting TDS from the first transaction.
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