We are a manufacturing unit (Partnership Firm)have already Paid (this Year F.Y.2010-11) Rent of Rs. 2,16,000 but the rent devided and paid into three person (Mr.Amit Rs. 1,20,000, Mr. Bimal Rs. 48,000 & Mr.Suren Rs. 48,000) then can we Deducted TDS For Rent both of parties or not
Dear All, According to new TDS rules, the due date of payment of tax deducted for the entire month of march, 2011 is 30th April-2011 & due date for tds return for Q4 is 15th May-11.
Dear Niloy, You have paid rent to 3 parties you will not pay any tds because your paid amount is below the minimum limit of Tds rent is 1,80,000/- per f.y. Regards, Virendra
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