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TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2010 IsTDS is applicable when Rent paid to employees by the company is less than Rs 120000 pa
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CA Chitresh Gupta

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CA Chitresh Gupta (Expert)
10 February 2010 Your query is not clear.

The company pays a House Rent allowance to employees , not rent.
HRA is taxble under the head salaries subject to prescribed exemptions on production of actual rent paid receipts.

In case of Rent, yes, TDS provisions are attacted when it exceeds 120000/- in a FY.

Hope this clarify your query
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Rahul Gupta

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Rahul Gupta (Expert)
10 February 2010 Agreed with Mr. Chitresh.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 February 2010 Agree

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