TDS DEDUCT

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Srinivas (Querist)

20 May 2017 we have been paid rent to an individual of Rs.14850 p.m for 8 months in 2016-17, as per agreement rent increased by Rs.5150 p.m for last four months hence TDS should be deducted on whole the amount of year. but we paid the increased rent for 4months in the month of May 17 after closure of2016-17 books of account. At this time can we deduct TDS on whole 2016-17 rent or on which we have paid later increased amount. kindly confirm Regards P.Srinivas 9030928277

CA Mohit Kumar

CA Mohit Kumar (Expert)

21 May 2017 tds will be made on due or payment earlier....

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

21 May 2017 TDS to be deducted on whole amount paid during the year since your Threshold limit u / s 194I exceeds Rs.180000/- PA

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Nischit Sanghavi

Nischit Sanghavi (Expert)

21 May 2017 you have to deduct tds as per due basis and not paid. so you need to deduct it on whole year payment and deposit it before filling the return otherwise 30% will be disallowed in 16-17

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