23 July 2011
WE are making a payment on account of advance Rent for Three months as Security.Is there any Question of TDS Deduction?What Should be the Entry for the Documentation Fee made for the Stamp Papers Etc.
23 July 2011
• The tax is to be deducted from the actual payment and there is no need of computing notional income in respect of a deposit given to the landlord. If the deposit is adjustable against future rent, the deposit is in the nature of advance rent subject to TDS.
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