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.
Menu
TDS ON PARTIAL RENT PAYMENT
Replies (4)
Quick Summary
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.
As per Sec 194I
rent to be deducted on the basis of payment or expenses which accrue whichever is earlier.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
