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TDS ON RENT

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(Querist)
02 July 2010 WE are paying rent for staff accomdation and were deducting TDS on the rent amount of Rs.12017/- which exceeded 1.2 lacs as per the existing threshold limit. But as per the new amendement effective from 1st july 2010 the threshold limit is Rs.1.80 lacs for TDS on rent. Should we deduct tax for the rent paid from July 2010 or is it not required. Please clarify.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 July 2010 From July on wards no need to deduct tds on that rent since the thershold limit is enhanced and it will come under the limit
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
02 July 2010 check that when that amendmend is effective if it is effective from july then no need to deduct tds :)
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