tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2011
Our company makes a rent payment for use of property amounting to Rs. 20k per month.
how much tds should be dedcuted if the total amount for the year is 2.4 lacs
how much tds should be dedcuted if the total amount for the year is 2.4 lacs
29 March 2011
10 % TDS under section 194I should be deducted
29 March 2011
RATE OF TDS ON RENT IS 10%
HENCE, YOU NEED TO DEDUCT TDS OF RS. 24K
HENCE, YOU NEED TO DEDUCT TDS OF RS. 24K
29 March 2011
The applicable rate will be 10 % and you have to worked out the amount on 2.4 per annum.
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