Dear esteemed Prof. ,
One of my client paid rent advance rs. 51,00,000/- now as per vacation notice period of 6 months, he wants to adjust against advance ( no payment of rent by cash or bank), as the owner will not re - paid advance money, client wants to adjust it to advance, in this process tds has to be deducted or not?
If yes, as we have to adjust rs. 51,00,000/- what we have to do,
owner informs just adjust against advance, i neen not require form 16A,
CAclubindia
