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tds on rent
I pay Rs. 20000 rent per month. I will deduct tds for that. Which is limit for tds
Replies (7)
What is your previous year turn over...? or PY your books of accounts is audited...?
I started business last month
no Tds is not applicable if business started last month
Not available...
If you are new business on last month... Then you don't want deduct TDS on rent.
If you are new business on last month... Then you don't want deduct TDS on rent.
Limit amount tell me sir
What limit...?!
If you are paying more than Rs.180000/- rent PA to a building you will have to deduct 10% TDS on rent amount. Uner Sec 194 I. and if it is rent for use of Pland Machinery or equipment etc 2%.
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