Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2012
I HAVE PAID FOR 6 MONTHS RENT @ Rs.30000/- p.m. IN THE FINANCIAL YEAR 2011-12, WHETHER TDS APPLICABLE
14 May 2012
No not Applicable. if rent paid or credited crossed 180000/- then TDS is appliable.
Message likes :
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14 May 2012
As it did not increase limit of 180,000/-, no need to deduct TDS on the same
14 May 2012
further, TDS is to be deducted by all person on payment of rent except huf and individual who's sales is less than limit specified in section 44AB(tax audit)
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