Tds on adjustable rent advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2013
Will TDS be deducted on rent advance which will be adjusted from rent over a period of time say 5 years.
pls reply.
pls reply.
08 October 2013
No. Book the entry as advance given. On yearly basis as and when rent is adjusted against the advance, deduct the TDS. In this case, payment would be via book entry
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