Avinash Kumar (CA Final Student & Working as Deputy Manager Accounts) (79 Points)
16 August 2014Dear 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 ?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 16 August 2014
Dear avinash, if there is no revision in rent agreement, No tds to be deducted if payment is under limit.
Manish Lohia
(Prop.)
(22 Points)
Replied 16 August 2014
question is, r u vacant the office or not??????/
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 16 August 2014
Avinash Kumar
(CA Final Student & Working as Deputy Manager Accounts)
(79 Points)
Replied 21 August 2014
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?
CAclubindia
