the period of rent agreement (for Office Building) is from april 2009 to feb 2010
the monthly rent is Rs 15,000/-
total rent paid during the F Y comes to Rs 165,000/-
Assume TDS rate @ 10%
thus the total TDS for F Y 2009 -10 is Rs. 16,500/-
my question is that wheter the liability for the payment of TDS is Rs. 1500 mothly from april 2009 to feb 2010, or TDS payble Rs. 12,000/- in the month of nov 09 (i.e. the month in which total rent paid exceed Rs 120,000/-) and therafter Rs. 1,500 monthly for dec 2009, jan 2010 and feb 2010.
CAclubindia
