tds matter

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2011 Resp Sir,

I have a question,but have confuse & found no answer for the same,"

Q:Suppose i have paid rent for the period 2010-11at the rate @14000/p.m(no tds deducted)- as per aggreement.But agriment expired on 28th feb/11 and as per new aggreement rent has been hiked 5000/- p.m i.e.in total 19K.So that as per IT act tds will exempt up to 180K(Sec.194I),but if i pay new hiked rent taht is 19000 then is taxable and also have cofuse the which amount is taxasble & tds will deducting in which amount?

I.e-14000+5000=19000(tds deduction..5000*10%) or total amt 19000*12=*10%

Plz provide satisfaction reply on this.

28 May 2011 tds is to be deducted payee wise and not agreement wise
in this case tax is to be deducted
CA MANOJ GUPTA
JODHPUR
09828510543



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