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TDS ON RENT

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04 August 2010 A Company take a flat as guest house and paid rent 12000 pm. And the receiver is a individual. Does the company liable for deducting TDS.

04 August 2010 Since the Annual Limit is less than Rs.180000 thershold limit so no need to deduct TDS

04 August 2010 TDS to be deducted u/s 194I.

Threshold limit till 30.06.2010 Rs.120000/- p.a.
From 01.07.2010 it is Rs.180000/- p.a.

For details mention date of payments and period for which paid.


04 August 2010 we take the flat from 1 april 2010 and paid rent 12000 pm. on which we have not deducted TDS. as the limit increased to 180000. Does we liable to deduct TDS.

04 August 2010 For 1st 3 months deduct TDS on Rs.36000/- @ 10% i.e. Rs.3600/- (If PAN provided by deductee otherwise 20%)

After that TDS deduction is not required.

04 August 2010 NOW DEDUCT THE TDS AS PER SANJAY JI AND DEPOSIT IT WITH INTEREST AND REVISED E-TDS RETURN OTHERWISE THE EXPENSE OF RENT FOR 3 MONTH WILL BE DISALLOWED TO YOU AT THE TIME OF COMPUTATION OF TAX LAIBILTY.



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