Facts:
1)An amount of 10 lacs has been received as Advance Rent, which would be adjusted against Rent receivable over a period of 4-years.
2)This amount of Rent receipt would be claimed as an INCOME over the 4 year period (i.e.2.50 lacs in each year)
Query:
Can Tax deducted (TDS) on the entire 10 lacs in the year of receipt of Rental income be claimed over a period of 4-year, i.e. proportionately with the amount of income shown.
CAclubindia
