Tds - non deduction

Mr. X (whose accounts are required to be audited), paid rent of Rs. 16500 from 01.04.2012 to 31.12.2012 on 15th day of the month without deducting TDS. But in month of Jan, 13 he want to fulfil all requirement of TDS.

What is the amount that should be paid by him in all 3 quarter?

Please tell the amount of TDS and Interest seperately.

Replies (3)

U/s. 194I no TDS deduction is to be made unless the amount paid or credited or  likely to be paid or credited as rent during the previous year exceeds Rs. 1,80,000/-

 

 

But rent agreement is for 12months, and in 12 month total rent is 198000

u/s 94j tds is to be deducted where the limit of 180000 is crossed so the tds for above three quarter is zero (16500*9=148500) but the tds for the month of feb-(16500*11-180000*10%)=150 & for the month of march 16500*10% =1650

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details