Tds on rent
This query is : Resolved
02 August 2011
Sir,
We have an office given to the Bank on rent, which we issue invoice every month for rent, now we had issued feb-2011 & mar-2011 invoices in the month of May-2011.
The Bank is saying they want issue TDS Certificate in F.Y. 2010-2011 as the invoices were issued in May-2011 and the same hence TDS certifcate will be issued as per Invoices date and no Provision will be made in F.Y. 2010-11 for rent invoices of Feb-2011 & Mar-2011.
Can we ask the Bank to give the TDS certificate in F.Y. 2010-11 as rent is a continous service and not related to particular day transaction.
Please guide....
Nilesh Ashar
We have an office given to the Bank on rent, which we issue invoice every month for rent, now we had issued feb-2011 & mar-2011 invoices in the month of May-2011.
The Bank is saying they want issue TDS Certificate in F.Y. 2010-2011 as the invoices were issued in May-2011 and the same hence TDS certifcate will be issued as per Invoices date and no Provision will be made in F.Y. 2010-11 for rent invoices of Feb-2011 & Mar-2011.
Can we ask the Bank to give the TDS certificate in F.Y. 2010-11 as rent is a continous service and not related to particular day transaction.
Please guide....
Nilesh Ashar
02 August 2011
The TDS certificate has to be issued considering the rent in FY.2010-2011 only.
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