Tds on rent
This query is : Resolved
CA Minhaj Ansari
(Querist)
15 March 2013
Sir,
If i have paid 25000 p.m rent on premises. So it exceeds limit of 180000.I have a question that is it compulsory to Deduct TDS at the time of make first payment of 25000 because of provisional basis or if not deducted would it be attracted Interest.
Or not problem if deducted TDS after exceeding threshold limit???
If i have paid 25000 p.m rent on premises. So it exceeds limit of 180000.I have a question that is it compulsory to Deduct TDS at the time of make first payment of 25000 because of provisional basis or if not deducted would it be attracted Interest.
Or not problem if deducted TDS after exceeding threshold limit???
Hemant Kumar
(Expert)
15 March 2013
After crossing the threshold limit. i.e 180000/-
Hemant Kumar
(Expert)
15 March 2013
After crossing the threshold limit. i.e 180000/-
CA Ayush Agarwal
(Expert)
15 March 2013
first tell me status of your organisation.
if salaried-
if you have paid rent and claiming for HRA then just need to mention PAN of landlord.
if your are prop. and last year audit was done then only TDS need to be deducted.
rest all corporate and firm have to deduct TDS.
if salaried-
if you have paid rent and claiming for HRA then just need to mention PAN of landlord.
if your are prop. and last year audit was done then only TDS need to be deducted.
rest all corporate and firm have to deduct TDS.
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