Rent tds

This query is : Resolved

chandru (Querist)
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06 October 2014 we are receiving rent Invoice for the month of November 2014 in October itself and we are paying the rent amount after detecting TDS 10% in October itself

whether we have to pay the tds 10% in October or in November 2014

Please reply ASAP

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 October 2014 in October only. the rule is simple : TDS is to be deducted on earlier of payment or accrual. Since you are paying in October, so TDS is to be deducted in October itself.

chandru

chandru (Querist)
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06 October 2014 we can make the payment 10% TDS in october itself??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 October 2014 its not about you can or you cannot...its that you have to do it in october itself..

chandru

chandru (Querist)
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06 October 2014 Thanks for your reply

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 October 2014 you are welcome..........

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