RENT Rs.10,450/- P.M .TDS FROM APRIL2010 TO JUNE'2010

This query is : Resolved

ranjan chakraborti (Querist)
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06 January 2011 Sir,

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

Ranjan

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.

So TDS should be deducted on Rs 31350/-

ranjan chakraborti

ranjan chakraborti (Querist)
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06 January 2011 But the payment/credit upto June'2010 did not exceed Rs.120000/- . So pl have a recheck whether TDS is applicable or not?

RANJAN

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ranjan chakraborti

ranjan chakraborti (Querist)
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06 January 2011 But the payment/credit upto June'2010 did not exceed Rs. 120000/- . So pl have a recheck whether TDS is applicable or not?

RANJAN

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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09 January 2011 TDS will not apply , since the total payment during the year is blow Rs. 1.80 lacs.

VANDANA

VANDANA (Expert)
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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...