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TDS ON PARTIAL RENT PAYMENT

334 views 4 replies
We have paid 80000 in advance on 20 apr for the month of May . I received the the bill for rent of May on 8 may amount 180000. And paid remaining 1lakh on 20 May.

Q-When I need to deduct the TDS in April at a time of partial rent payment or when I received the bill on 8 may.
Replies (4)
TDS to be done at the time of payment only if you pay advance .On balance amount ,which is not yet paid -100000 ,you can deduct in may
Agreed with Sanjith.
That means i have to deduct TDS on 20 May on whole rent 180000 and pay by 7 June ?
Its advisable to deduct tds



As per Sec 194I

rent to be deducted on the basis of payment or expenses which accrue whichever is earlier.


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