TDS - RENT(194I)

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Jagadeesh Acharya (Querist)
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16 February 2010 THE COMPANY WAS PAYING RENT IN THE MONTH OF APR 2010. AND THERE WAS A DEDUCTION IN RENT BY 5% AS AGREED BY THE LESSOR. BUT THE COMPANY DID NOT ACCOUNTED THE DEDUCTION IN RENT, AS USUAL COMPANY PAID THE RENT. BUT IN THE MAY MONTH COMPANY DEBITED THE LESSOR A/C FOR THE AMOUNT EXCESS PAID. WATS THE TDS EFFECT ON THIS.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 February 2010 deduct TDS on the actual payment to be made.
Eg: Rent original Rs. 100,000
Revised Rs. 95,000
Rent paid by mistake and TDS deducted on Rs. 100,000
Now payment being made Rs. 90,000 i. e. 95000 - 5000 excess paid earlier
So deduct TDs on Rs. 90,000 now

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 February 2010 yes.what ever excess TDS adjust in the month of May

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TDS - RENT(194I)

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