Please let me know if TDS on rent would be applicable if rent was paid in April to June'2010 and rent payment from April'2010 to March'2011 is Rs. 10450/- p.m
06 January 2011
In my view yes. TDS should be deducted as the threshold limit till 30.06.2010 is Rs 120000/- p.a. and w.e.f. 01.07.2010 Rs 180000/- p.a.
06 January 2011
Look from rules it is not very clear whether to deduct or not. If at the beginning you had paid Rs 10450/- you would have deducted TDS. So it is suggested to deduct TDS in your case. Views of other experts is solicited
11 January 2011
I Think in your case UPTO JUNE'2010, TDS WILL BE APPLICABLE, COZ... RULES OF RS. 180,000/- WEF 01-07-2010 UPTO JUNE'2010 TDS WILL BE APPLICABLE...