TDS deduction
This query is : Resolved
09 October 2009
Dear Expert,
on march 2009 rent the tds is required to be deducted and this payment is made in the month of april 2009, so the non inclusion of surcharge and cess is correct or not?
march 2009 rent is 25000/-
payment date is 05/04/2009,
tds rate is 15%
the surcharges and cess are applicable or not?
on march 2009 rent the tds is required to be deducted and this payment is made in the month of april 2009, so the non inclusion of surcharge and cess is correct or not?
march 2009 rent is 25000/-
payment date is 05/04/2009,
tds rate is 15%
the surcharges and cess are applicable or not?
09 October 2009
Rent TDs exempt up to 120000P.A.
After crossing limit TDs applicable with cess
surcharge after gross income 1 corore
After crossing limit TDs applicable with cess
surcharge after gross income 1 corore
09 October 2009
Tax to be deducted at source either at the time of credit of such income to the account of payee or at the time of payment whicever is earlier.
In your case Rent became payable on 31.03.09 if the expenses debited in your account and the TDS rate would be inclusive of surcharge and cess.
Exception: if you follow cash basis of accounting TDS rate would not attract surcharge and cess.
In your case Rent became payable on 31.03.09 if the expenses debited in your account and the TDS rate would be inclusive of surcharge and cess.
Exception: if you follow cash basis of accounting TDS rate would not attract surcharge and cess.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
