Tds not deducted and paid
This query is : Resolved
01 March 2012
Mr. X has paid rent for the whole year ie. F.Y 2011 - 12, but has not deducted TDS on the same. He wants to pay the TDS before filing the ITR for A.Y 2012 - 13, whether the rent will be disallowed even if TDS is paid with interest before filing the ITR?
01 March 2012
No t will not be disallowed. It is not the concern of the I.T.Department whether TDS is paid from own pocket. Since TDS is deposited, rent will be allowed.
Guest
Guest
(Expert)
02 March 2012
But now adjust the tds on future rent payable to the vendor..
02 March 2012
Since Mr. X is an individual, he wil deduct TDS only if he was subjected to tax audit in the previous year.
If he was outside the perview of tax audit in the previous year, he is NOT required to deduct TDS.
If he was outside the perview of tax audit in the previous year, he is NOT required to deduct TDS.
02 March 2012
the tds should be deducted in order to get the expense allowed.
08 April 2012
Experts have expressed their opinion which is correct
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