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DEVENDER THAKUR (Querist)
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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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 July 2011 No. it is nature of security deposit to the Landlord or House owner. need to be debited as Security deposit. No need to deduct TDS

Stamp papers & documentation can be debited Stamp duty,rates & taxes or Miscellaneous expenses

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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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.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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23 July 2011 Documentation and stamp duty expenses to be debited to Account " Rate taxes & Fees" account,

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