26 August 2009
Suppose we have paid Rent Rs. 1,00,000 in the FY 08-09. No TDS because it was below 120000. Now we have to pay arrears for FY 08-09 2,00,000/- whether TDS is to be deducted only on Rs. 2,00,000 or Rs. 3,00,000/- (Rs. 2,00,000 plus Rs. 1,00,000)
26 August 2009
Kindly explain how much is the monthly rent as per leave and license agreement? The liability to deduct TDS will depend on the monthly rent payable, irrespective of whether the same is paid in the said financial year.
CAclubindia
