28 May 2009
My client has paid rent of Rs 200000/- in advance for 2 years to a person amouting to Rs 100000/-p.a {Rs 100000/-(08-09) + Rs 100000/-(09-10)}
1.Should he deduct TDS on this rent paid as it does not amount to Rs 120000/- p.a
2.But will he be liable to TDS on payment basis as it definetly crosses Rs 120000/- p.a
28 May 2009
My client has paid rent of Rs 200000/- in advance for 2 years to a person amouting to Rs 100000/-p.a {Rs 100000/-(08-09) + Rs 100000/-(09-10)}
1.Should he deduct TDS on this rent paid as it does not amount to Rs 120000/- p.a
2.But will he be liable to TDS on payment basis as it definetly crosses Rs 120000/-
CAclubindia
