Rent payment
This query is : Resolved
PRAMOD KUMAR
(Querist)
09 March 2014
Dear experts,
I just wanted to know if it is alright to pay
Rent on a yearly basis, i.e. Rent for the whole year at a time on 31.03.2014 by cheque and deduct and deposit TDS without attracting interest?
So far the rent has neither been paid nor credited to landlord's account.
Awaiting your reply.....
I just wanted to know if it is alright to pay
Rent on a yearly basis, i.e. Rent for the whole year at a time on 31.03.2014 by cheque and deduct and deposit TDS without attracting interest?
So far the rent has neither been paid nor credited to landlord's account.
Awaiting your reply.....
Nikhil Kaushik
(Expert)
09 March 2014
if as per rent agreement, rent is payable on monthly basis, then what you are doing is wrong. the entries in the books can be disregarded specially where the entries are being used to evade taxation provisions.
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