what is the treatment of rent paid more than 10000rs.

Answers were Sorted based on User's Feedback



what is the treatment of rent paid more than 10000rs...

Answer / rajesh

If we are paying Rent morethan 10,000 /-. PM we are liable
to deduct the TDS u/s 194 I

1)Paying to induvidual - TDs-15% & SC -10% & Cess -3%
(if income crossess more than 10,00,000 we have to
deduct Surcharge unless no need of deduct Surcharge for
induvidual)

2)Paying to Company - TDS -20% & SC-10%,& Cess-3%

We have remit the TDS on or before 7th every month. and E-
TDS to be filled quarterly on or before 15Th

Is This Answer Correct ?    11 Yes 0 No

what is the treatment of rent paid more than 10000rs...

Answer / sandeep

current rate (after 01.09.09) are as below:

Rate of TDS for Rent paid for other than plant and
machinery (both case i.e company or individuals/huf) is @
flat 10% whereas in onther case TDS rate is flat 2%.

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

What is ABC Analysis in industrial function. hw can it s maintain ?

0 Answers   ABC,


What is Quick Book ?

2 Answers   SVT,


what is assesment? who do the assesment by income tax or sale tax,and when doing the assesment?what is the perod limit of assesment? assesment order sent by income tax or sale tax which form?

5 Answers  


what are thw diferrences between a cash book & a petty cash book?

5 Answers  


Is closing stock will recorded in Trail balance?

9 Answers   Genpact,






market capitalisation

2 Answers   RRDonnelley,


what is open ended and close ended mutual funds?

3 Answers  


hi friend iam looking for a Accounting job can any body help me for the interview questions. can any body send me the Accounts intervoew questions please this is my email:-subhashnaidu1984@gmail.com

2 Answers  


what is P/E?

2 Answers   Mellon,


Realisation account vs revaluation account

17 Answers   Andhra Bank,


In Accounting how many types of formulaes?

3 Answers  


Realization concepts of revenue?

1 Answers  


Categories