DEAR FRIENDS,
OUR OFFICE RENT PAID FOR THIS F.Y.2009-10 IS RS.125615/-. RENT HAS BEEN INCREASED FROM 1ST OCTOBER 2009 ONWARDS, BEFORE THAT MONTHLY RENT WAS PAID 9700/- PER MONTH I.E. TOTAL UPTO SEPTEMBER'09 TOTAL RS 58200/- PAID WITHOUT ANY TDS DEDUCTION. FROM 1ST OCTOBER ONWARDS WE ARE DEDUCTING TDS AS PER NEW SLABS 10.3% PER MONTH UPTO MARCH'10 i.e. 6690/- TDS ON RENT IN THIS F.Y. 2009-10.
RENT ON TDS SHOULD BE DEDUCT ON TOTAL RENT AMOUNT RS. 125615/-. BUT FROM OCTOBER ONWARDS TDS RATES HAS BEEN CHANGED. MY QUERY IS WHAT WOULD BE THE RATE ON TDS FOR THIS AMOUNT.
PLEASE TELL ME TOTAL TDS PAYABLE AMOUNT.
CAclubindia
