Hi Frndz,
we have to pay March-10 rent. But in this month it is not paying. but the journel Entry passed on Mar1st.
My query is whether shall we pay TDS in Govt. A/c on Rent in advance. The rent amount will may pay in the next month. But we have to do Q4 returns.
What can we do?
Thanks in Advance.
Hi,
Liability to deduct TDS arises " on actual payment or on credit in the books, whichever is earlier. In your case, if you have not paid rent actually but passed a journal entry, you are liable to deduct TDS and to deposit it within due dates.
So i can deposit TDS in Govt. A/c even without payment of rent?
Yes
Thanq Maahendra..... 
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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