23 January 2017
My doubt is whether hike in rent, adjusted to rent deposit with retrospective effect will be considered as rent for which TDS has to be deducted? That is, as a tenant pays me Rs 4.5 lacs after deducting Rs 1.2 lacs for hike in rent and Rs. 0.3 general maintenance. Total deposit paid at the inception of agreement was Rs 6 lacs.