vijaya kumar n (JOB) (488 Points)
25 November 2011Hi Good evening to All,
We are providing the P G to our company New Employees for one month, they charging rent on daily basis per employee. Rent amount reaching more than Rs.1,00,000/- per year. I want to know whether TDS applicable or not for the PG rent????
Awaiting for your valuable replies........
Zakariya Wangde
(Articled assistant)
(56 Points)
Replied 25 November 2011
NO TDS IS APPLICABLE THE LIMIT IS RS.180000/-
ashish gupta
( student)
(1922 Points)
Replied 25 November 2011
yes no tds is applicable upto Rs. 180000 in a year
vijaya kumar n
(JOB)
(488 Points)
Replied 25 November 2011
Just i want to know whether TDS applicalbe or not.......... because few people told me that TDS not applicable for PG rent and its like hotels room rent. We have not made any agreement or contract between company and P G.
Lets clarify briefly.......
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 25 November 2011
TDS is applicable @ 10% if rent amount exceeds Rs. 180,000/-
Service tax shall not considerd while calculating tds.
valji
(Accounts manager-MBA)
(2150 Points)
Replied 25 November 2011
agree with above tds is not applicable since it is not exceed rs 180000
S.M.Dinesh Kumar
(Student IPCC)
(103 Points)
Replied 25 November 2011
before going to TDS, make it clear that bills raising on individual employee names or company, if it is on individual name, tds is not applicable, if it is on company name TDS is to be deducted, when Exceeds 180000 Per anum.
Vikas Singh Chauhan
(CA Final Student)
(52 Points)
Replied 25 November 2011
Dear
Vijay Kumar
according to facts as stated by yourself there is no TDS applicabilit even if billing by landlord/possessor is done in the name of company as annual rent is less than Rs. 180000/-
It does not make any difference that wheter company entered into aggreement or not, for the purpose of TDS compliances.
srinivass
(CA Final)
(2466 Points)
Replied 26 November 2011
| Originally posted by : SANDEEP R. WAWHAL | ||
 |
TDS is applicable @ 10% if rent amount exceeds Rs. 180,000/- Service tax shall not considerd while calculating tds. |
 |
ankur bansal (CA Final)
(student)
(124 Points)
Replied 26 November 2011
no tds applicable in this case
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 26 November 2011
AGGREE WITH THE ABOVE EXPERTS....
NO TDS UP TO RS.180000/-
Zuzer Shabbir Singapury
(Employee)
(27 Points)
Replied 27 November 2011
Yes, TDS not applicable if it does not exceed Rs.180.000/- p.a w.e.f 1/7/2010.
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