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TDS on rent once threshold limit is crossed during fiscal year in RE-FX

May 16, 2017 at 10:54 AM


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Former Member


configuration details for TDS calculation when threshold limit is cross in a FY:

Rent pm -14500 for 8 months-No tds made
Rent increased to Rs.18000 for next 4 months.
Total payment=14500*8+18000*4=188000
TDS to be made on Rs.188000 @10%=18800,which is to be effected from next 4 months payment.
But the system deducts TDS on Rs.18000 @10% for next 4 months ie tds will be Rs.7200 instead of Rs.18800.

Hence it is requested to ensure tds on full value from the rest of the period rent payable.


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