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Hi Members,
We have not deducted TDS on Rent for the month of October. Now we need to pay. Can we pay now? Is there any interest on the TDS amount? If yes, how much?
Please let me know. Waiting for your reply.
Regards,
Sarita
29th March 2012 From India , Hyderabad

AccountsIndia
Account Executive
+9 Others

Hi Dear all, Greeting’s from Ramesh Can you let me know, what is the presentage % of TDS interest and how calculate it. please give the example also. With Kind Regard’s Ramesh
30th March 2012 From India , Gurgaon
Dear Ramesh,
As per my knowledge interest@1.5% per month should be levied on TDS amount till the payment of TDS.
But i don't know whether it is correct or not?
Anybody please help me out.
Thanks,
Sarita
30th March 2012 From India , Hyderabad
Dear Sarita,
First your not write the how much rent monthly your have pay, if your rent annually exceed Rs.1,80,000/- it's mean monthly Rs. 15000/- then you must deducted 10% of TDS every month, I think you can pay TDS with Interest how much month you left, calculated the interest amount and pay it.
Please anybody give the right comments about above solution, it's correct or incorrect, because i'm not expertise it's field.
Thank's & kind regard's
Ramesh
30th March 2012 From India , Gurgaon
Dear Sarita,
You can pay tds on rent with interest rate @ 1.5% from oct-Apr.12, but you h've not show how much the rent p.m.if rent is below of Rs.1,80,000/- p.y. or rs.15,000/-p.m.you have not pay any tds.and exceed this limit you will pay @ 10% tds.
Thanks,
Virendra Sharma
2nd April 2012 From India , Gurgaon
Hi Dear all,
Greeting's from Ramesh
now, I've come again with the problems, Can you all one let me know, 1) what is the limit of Consultant payment for not deducted TDS, I think it's Rs.30,000/- annual, i'm not sure. 2) What's the last date for submission of the 4th Qtr. TDS return.
Please let me know. Waiting for your reply.
With Kind Regard's
Ramesh
5th April 2012 From India , Gurgaon
Dear Ramesh, The Exempt limit of contractor Rs.30,000/- Per bill and Rs.75,000/- Annual. this limit up to not paid any tds.for the f.y 2011-12. Thanks & Regards, Virendra Sharma
9th April 2012 From India , Gurgaon
Hello to all
i have a small doubt during fill the TDS Q4 annexure -ii form
plse advice me how to fill the annexure -II form,
there are two deduction, 1) deduction 16(ii), 2)deduction 16(iii)
whats the two deductions, I think one for HRA, what a 2nd one (Conveyance + Medical Allowance+PT), its correct?
plse solve my problem sir
thanks in advance
manu
27th April 2012 From India , Hyderabad
Dear Mr Manu, As per my knowledge tds deduction: 16 (ii) for Entertainment Allowence ( Only for Government Employees) 16 (iii) for Professional Tax Regards, Virendra Sharma
29th April 2012 From India , Gurgaon
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Dear Sarita Palo
as per my knowledge u have to pay the interest per month 1.5%, from october to April......
and also u have to revise the Q3.
Regards
Manu
30th April 2012 From India , Hyderabad

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