TDS ON TENT
This query is : Resolved
Viral Shah
(Querist)
20 September 2010
CAN WE BOOK RENT EXPENDITURE TWO TIMES IN A YEAR I.E. IN SEPTEMBER AND IN MARCH FOR PREVIOUS 6 MONTHS AND DEDUCT TDS ACCORDINGKY ON TWO EXPENDITURE BOOKING????
OR
WILL IT BE CONSIDERED AS LATE DEDUCTION OF TDS TAKING A VIEW THT WE HAVE DEDUCTED TDS OF APRIL 09 RENT IN SEPTEMBER 09???
OR
WILL IT BE CONSIDERED AS LATE DEDUCTION OF TDS TAKING A VIEW THT WE HAVE DEDUCTED TDS OF APRIL 09 RENT IN SEPTEMBER 09???
sudhakar ca cwa
(Expert)
20 September 2010
in my opinion
it is all based on agreement and when you pay the rent.
if u paid the rent of april before Sep then TDS needs to pay before only.
once check the clause in agreement
it is all based on agreement and when you pay the rent.
if u paid the rent of april before Sep then TDS needs to pay before only.
once check the clause in agreement
CMA Ramesh Krishnan
(Expert)
20 September 2010
it is considered a late deduction of tds, for booking entry 6 months once is your accounting process.but the actual credit need to be given on the month end as mercantile system of accounts.
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