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TDS On Rent

This query is : Resolved 
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(Querist)
24 March 2008 Should the Branch deduct TDS on Rent,
IF Rent is paid by the HO to the party, and the branch pass the entry in its book

Rent A/c Dr
to Ho A/c
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
24 March 2008
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
24 March 2008 If the rent is paid by HO then TDS should be deducted by HO. Because the Branch will pass entry only after the same has been passed from HO.
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Vikas Garg

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Vikas Garg (Expert)
24 March 2008 if the payment is made from HO then the entry would be apssed by them only and they will deduct TDS on that. If the branch is passing entry then the TDS to be deducted at branch. But in the eyes of law both HO and branch is one. Its a single assessee.
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MANAS ROUT

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MANAS ROUT (Expert)
24 March 2008 IF Rent is paid by HO then TDS should be deducted by HO, the Branch will pass entry only after the same has been passed from HO and adjust in its books of accounts accordingly.
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CA Kamlesh Dama

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CA Kamlesh Dama (Expert)
24 March 2008 branch has to deduct the tds as the brach debited to the exp.
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CA PAVAN KUMAR

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CA PAVAN KUMAR (Expert)
24 March 2008 always the deduction will be made at the origin of the transaction.
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Sushant Panigrahi

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Sushant Panigrahi (Querist)
24 March 2008 Since there is diverse opinion among u , i want to know if branch book the rent but the rent has been paid by ho who ill deduct TDS
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
24 March 2008 HO IS LIABLE TO DEDUCT TDS
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Sushant Panigrahi

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Sushant Panigrahi (Querist)
24 March 2008 But we are booking the expense in the books of branch
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Rakesh

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Rakesh (Expert)
25 March 2008 The HO should be deducted the TDS on Rent paid on behalf of Branch.
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