29 April 2014
One Of my client doing business as civil contractor in company limited status. They procured unsecured loan from his sister concern. (Whose status is Trust)to whom we are giving interest. For that we have to deduct TDS On Interest.
another issue is that TRUST is running a business of Education and to whom we provided building on rent from whom (i.e. trust )we recive rent income. For that trust is require dto deduct TDS On Rent.
Now problem is that whether we can set off TDS Receivable Of Rent against TDS payable On Intererst.
CAclubindia
