22 July 2021
Ours is a government school. we giving rent as per accrual bases( i.e.3 months once). but we are filling tds returns for rent as per cash bases. But owner asking us tds should be reflected as per accrual bases. how to submit tds returns as per accual bases. Kindly suggest us
23 July 2021
TDS is required to be deducted on payment basis but still if school ask for accrual basis, then file TDS return quarterly showing TDS on rent for 3 months.
CAclubindia
