Dear All,
Please let me know
We have deducted the TDS on payment of rent during FY 2013-14 as total rent paid crossed the limit of Rs. 180000/- but the rent agreement expired on 30.06.14 due to which total rent paid during Fy 2014-15 comes to Rs 90000/- only. Now rent paid has not crossed the ceilling amount of Rs 1,80,000/ u/s 194I.
Is it mandatory to deduct TDS in FY 2014-15 ?
Dear avinash, if there is no revision in rent agreement, No tds to be deducted if payment is under limit.
question is, r u vacant the office or not??????/
Rent agreement not revised and payment would not cross the limit of Rs 1,80,000/-
It means if we have deducted TDS during 2013-14 under any section of TDS but during 14-15 limit does not cross
TDS need not to deduct?
Kothari Jain Patil & Chartered Accountants
Pune
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KK & Company Chartered Accountant
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