TDS on rent
This query is : Resolved
Harshal Chaubal
(Querist)
10 December 2008
I m doing an audit of a client where he is doing a bussiness of renting a car.
He is charging a TDS on his rent(which is basically his income)to customer i.e. rent amount+TDS amount. Is he doing correct?
Also clarify me that how we will do an audit this?
He is charging a TDS on his rent(which is basically his income)to customer i.e. rent amount+TDS amount. Is he doing correct?
Also clarify me that how we will do an audit this?
CA Tilak Raj Sharma
(Expert)
19 December 2008
No, it is not correct.
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