tds

This query is : Resolved 

13 September 2010 was tds deducted on rent through payment made by bank payment or cash payment

13 September 2010 TDS is applicable on any mode of payment.

13 September 2010 Of course, the threshold limit of Rs. 180000/- per annum has to taken care off.


13 September 2010 TDS has to be deducted on payment or on crediting the party account, whichever is earlier. Hence even you r not making the payment but crediting the party account then you have to deduct the tax.Even on advance payment TDS shall be deducted.



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