PENALTY OR INTEREST TO BE PAID IF RENT RECEIVED AFTER FINANCIAL YEAR
This query is : Resolved
CHANDRAKALA
(Querist)
18 April 2023
February 2023 rent received on 16/04/2023. Filing in TDS returns we consider the rent received is February 2023. But rent paid on TDS dt:16/04/2023. Then interest on TDS should pay 1% on TDS amount. If not how to disclose in TDS returns
CA R SEETHARAMAN
(Expert)
19 April 2023
Interest payable if rent is considered in February.
Consider it in April no interest payable
Consider it in April no interest payable
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