TDS on Rent-

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Hi,

I would you ask regarding TDS on Rent

From Apr09 to sep09 rent paying 15000/-PM
fron Oct09 to mar10 rent paying 25000/-PM
whether tds applicable?
then how to calculate

CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 yes tds is applicable on both amount. trash hold limit was rs. 120000 p.a. during the 2009.10

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Sir,

Suppose in case FY.2010-2011

How to calculate

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CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 limit upto was 30.06.2010 Rs. 1.2L and thereafter increased to Rs. 1.8L p.a.

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Sir,

Apr10 to Sept10 15000*6 90000

No TDS for this

After Oct10 to marc11 25000*6 150000

Cross the limit
TDS Applicable

that is 25000*10% 2500/- PM

is it wright sir

CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 YOU ARE NOT right, TDS WOULD BE DEDUCTED ON WHOLE AMOUNT i.e. 90000+150000 @10%

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CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 now r u cleared

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010
Suppose Apr10 to Sept10 paying rent will be 10000 PM then

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CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 CHECK THE TRASH HOLD LIMIT FOR APPLICABILITY OF TDS

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Sir,

Cleared Thank you

taxindiaconnect

taxindiaconnect (Expert)
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22 October 2010 IN a year the thersh hold limit is 180K. If the amount paid as rent is exceding 180K in a year, irrespective of the break up, one needs to see the crossing of threshhold limit for applicability of TDS provisions.