Tds

08 February 2017

If the rent amt is not fixed and it exceeds 1,80,000 in december then tds should be deducted on all amt paid earlier or only in december payment

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7 Replies

Vinaya Kumara K H (Accounts Executive) (259 Points)
Replied 08 February 2017

Yes you have to deduct the TDS on previous payments also

Sandeep (ASST.MANAGER ACCOUNTS) (1751 Points)
Replied 08 February 2017

YES, DEDUCT ON FULL PAID AMT.

Avik Dey (article assistant) (26 Points)
Replied 08 February 2017

Tax has to be deducted on full amount including any amount paid earlier in the current financial year at the time of current payment.

CA Revanth Bharathwaj M (Freelance consultant in Direct Tax and Financial Reporting) (373 Points)
Replied 08 February 2017

also, you may have to pay penalty. please refer penal section.

CA Dheeraj S (Practicing CA) (427 Points)
Replied 09 February 2017

You will have to dedcut TDS on the amounts paid from the begining of the year and remit the same along with interest.

vamsi krishna (Chartered Accountant) (284 Points)
Replied 09 February 2017

You are required to deduct TDS on amount paid from beginning at the time of current payment.

sekar balakrishnan (B.Com) (75 Points)
Replied 10 February 2017

YES VARSHA, IF THE AMOUNT PAID OR CREDITED IS CROSSING THE THRESHOLD LIMIT , THEN THE TDS DEDUCTION WILL BE FROM THE rS.1/-, ALWAYS. SEKAR

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