Thanks for the valuable reply by Hitesh Kothari sir
G.Manjusha
( C A Final)
(59 Points)
Replied 03 June 2010
Thanks for the valuable reply by Hitesh Kothari sir
G.Manjusha
( C A Final)
(59 Points)
Replied 03 June 2010
Yes in the reckoner that example for full year but in the above practical example rent paid only for 6 months that means newly startup business. If a newly startup business no tds to be deducted in that financial year. I think so like that.
shailendra
(Accounts Executive )
(128 Points)
Replied 03 June 2010
hi,
becouse contract is for 6 months and per month amount is 15000 and i.e. 15000*6=90,000/- which is less than threshold limit(1,20,000/- upto June,2010 and from 1st July,2010 the limit is 1,80,000/-).
hence in this case tds is not applicable
CA Nidhi Agarwal M.Com
(Internal audit manager)
(26 Points)
Replied 04 June 2010
Yes, You have to deduct 2% TDS ON genset rent upto 30 june 2010. After that you need not deduct tds on payment of rent.
Rahul Kulkarni
(Sales Manager)
(57 Points)
Replied 05 June 2010
Dear Ms. Nidhi,
Why shall he deduct the TDS till 30/6/2009 and need not to deduct further?
What is the base for that statement?
Rahul
varun gupta
(Senior Accounts Officer)
(89 Points)
Replied 06 June 2010
Nicky is correct, no tds required
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 06 June 2010
TDS will be Applicable.
SUNNY
(STUDENT CS)
(377 Points)
Replied 08 June 2010
m agree with hitesh kothari i think ur agreement is for 6 month & amount of rent is 15000 p.m. amount id 90000 so there is no need to deduct tds
NITIN DWIVEDI
(Asst. Manager(Accounts Dept.))
(31 Points)
Replied 03 November 2010
no tds will not deducted
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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