16 August 2010
w.e.f 1/7/10 the threshold limit for TDS is 180000/- , so TDS should not be deducted.
But, since this threshold is from July,10 & if you have already deducted TDS in the months of April to June,10 the it would be advisable to continue deduction TDS for this complete FY.
16 August 2010
OUR COMPANY IS RECEIVING BUILDING RENT FROM BANK @ 12500/- PERMONTH I.E RS 150000/- PA WHICH IS LESS THAN RS 180000/- SHOULD WE ASK THEM NOW TO STOP DEDUCTING TDS .
CAclubindia
