26QC

This query is : Resolved

Ajay Chandak (Querist)
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25 December 2020 Unaudited assessee use to Pay rent of 60000 PM. .. was liable to TDS @5 %
due to Covid 19, rent of march 20 was paid in 10.12.20. can he deduct TDS now..
26QC showing FY 2020-21 , if he shows he paid in march 20.. He is liable to Panelty and Interest. Plz guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 December 2020 Yes deduct now and show deduction in current month.

Ajay Chandak

Ajay Chandak (Querist)
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26 December 2020 Sir if u deduct in current month n year.. In march 21 I will again deduct.
In books of landlord.. tds n rent amount will double in fy 20-21.. how land lord will consider same

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 December 2020 Not a problem land lord has to consider 13 months rent in current year. Otherwise 1% per month interest only payable no penalty.

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