Hi All
We have office rent and paying monthly and deducting tax monthly
Feb and March 2022 rent was paid May 2022 and filled the return
now owner is asking to pay tax for Feb and March in FY 2021 to 22
as per my knowledge tax should be deducted at the time of rent payment
can you please assist me on this issue
my owner business nature is Trust
thanks
kumar
Menu
TDS on office rent
Replies (5)
Quick Summary
Actually TDS should be deducted when it is paid or due, whichever is earlier.
So, the owner is correct. You need to rectify your Q4 TDS return.
Thanks sir, Q1 i had already paid and filled return sir if i revised Q4 it will effect on my Q1 current return also, is there any chance to overcome sir without revision
Please help me on this
As per law, you should revise both the returns, to rectify the original mistake.
Is there any penalty for revision of TDS, please confirm
No penalty but interest may be levied.
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
